The Securities and Exchange Commission has fined Bank of New York Mellon $15 Million for giving internships to the kids of government officials affiliated with a Middle Eastern sovereign wealth fund in an alleged effort to win business. It is unclear how common this practice is among larger companies across the Globe but the SEC is serious about preventing such arrangements. Some observers say it is a common practice occurring on a large scale.

The bank agreed to pay a $14.8 million penalty to settle charges that it violated anti-bribery and internal accounting controls provisions of the Foreign Corrupt Practices Act in 2010 and 2011.

According to the SEC ORder, BNY Mellon gave internships in Europe to the son and nephew of one unnamed government official and to the son of another unnamed official. The Middle Eastern country of the sovereign wealth fund was not named by the SEC.