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SEC Charges Royal Bank of Canada with Internal Accounting Controls Violations
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SEC Charges Royal Bank of Canada with Internal Accounting Controls Violations
Washington, D.C.--(Newsfile Corp. - November 2, 2023) - The Securities and Exchange Commission today announced that Canada’s largest bank, Royal Bank of Canada, will pay a $6 million penalty to settle charges that it violated the books and records and internal accounting controls provisions of the securities laws relating to its accounting for its costs of internally developed software.The SEC’s order finds that, from 2008 through 2020, Royal Ba…
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