Access World (USA) LLC agreed to pay a fine of US $1.4 million for creating false records in connection with metal held for customers to mislead the exchange into thinking the metal had been physically moved from the New Orleans delivery point when in fact it had not been moved or moved on a date different than set forth in inventory records. According to LME, AW USA explained it engaged in such conduct when it experienced unspecified “logistical issues.” In issuing the settlement, LME said it “expects listed Warehouses to incorporate appropriate checks into its processes and procedures so that any potential acts of misconduct undertaken by individuals within the organization can be promptly discovered and acted upon.”