Dec 2 (Reuters) - The U.S. Securities and Exchange

Commission has settled record keeping charges against an

Industrial and Commercial Bank of China unit

concerning a November 2023 ransomware attack, but decided not to

impose a civil fine.

Monday's accord resolves accusations that for nearly four

months after the attack, New York-based ICBC Financial Services

failed to keep its books and records current, or send written

notifications for securities-related transactions to customers.

The SEC decided against a fine in light of the ICBC unit's

"meaningful cooperation and extensive remedial measures." It

also said the causes of the attack included inadequate

preparation for a potentially severe cybersecurity incident.

The ICBC unit did not admit or deny wrongdoing in agreeing

to settle.