NEW YORK, Aug 26 (Reuters) - Bank of New York Mellon ( BK ) has

agreed to pay $5 million to settle U.S. Commodity Futures

Trading Commission charges for repeatedly failing to correctly

report millions of swap transactions, violating a previous

order, the regulator said in a statement on Monday.

Bank of New York Mellon ( BK ), which contains the swap dealing

business of parent company Bank of New York Mellon Corp ( BK )

, failed to correctly report at least 5 million swap

transactions and failed to properly supervise its swap dealer

business from about 2018 through 2023, the CFTC said in its

statement.

Many of those failures violated a previous CFTC order

against the firm from 2019, the regulator said.

Bank of New York Mellon ( BK ) also decided to retain an

independent compliance consultant to review its compliance

program, in addition to paying the civil penalty, the CFTC said.

"BNY takes its regulatory responsibilities seriously and is

pleased to have resolved this matter," a spokesperson said in a

statement.