Brazilian energy and sugar company Raizen Energia SA and its Swiss trading subsidiary will pay $850,000 in fines to settle charges that they engaged in illegal noncompetitive transactions.

Raizen and its subsidiary Raizen Trading SA will pay $750,000 to the Commodity Futures Trading Commission (CFTC) and an additional $100,00 to settle a disciplinary action filed by the Intercontinental Exchange Futures U.S. (ICE Futures), the CFTC said Monday in a press release. Each entity admitted to the facts in the CFTC’s order and agreed to cease and desist from further violations of the Commodity Exchange Act and CFTC regulations, the agency said.

ICE Futures, which operates the futures exchange on which the trades were placed, found that the wash trades violated its rules and that Raizen failed to “diligently supervise Raizen’s ICE-related activities,” the CFTC alleged. ICE Futures did not respond to a request for comment on its disciplinary action.