On the other hand, DOJ Criminal Division, Fraud Section Chief Robert Zink said the DPA” reflects the seriousness of the offense” committed by Scotiabank and the “state of its compliance program.”
FBI New York Field Office Assistant Director in Charge William Sweeney Jr. commented that “Scotiabank admitted to their role in the in a massive price manipulation scheme aimed at falsely manufacturing the prices of precious metals futures contracts to serve the bank’s best interests”
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