LME fines Access World $77,000 in disciplinary action
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FILE PHOTO: Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018. REUTERS/Simon Dawson/File Photo
LONDON (Reuters) - The London Metal Exchange (LME) has taken disciplinary action against Access World Vlissingen B.V., which agreed to pay a financial penalty of 60,000 pounds ($77,328), in relation to breaches of the LME's warehouse agreement rules dating back to 2022.
During the investigation, Access World told the LME that the incidents were caused by human error and it has taken measures to minimise the risk of similar incidents from re-occurring, the LME said in statement on Tuesday.
($1 = 0.7759 pounds)
(Reporting by Polina Devitt; Editing by Kirsten Donovan)
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