Albion have accepted they unintentionally breached an FA regulation on player transfers and contract negotiations over a three-year period.
But they add they acted in good faith and, when the breaches were spotted, reported them to the FA.
They also changed their own processes as quickly as possible to ensure they were working within the rules.
Albion reported the same administrative error on multiple transfers or contract negotiations of players between January 2015 and January 2018.
A club spokesperson said: “This was an administrative error, made totally in good faith, which only came to light following a change of personnel in a senior administrative role.
“We do not dispute the breach of FA regulations, and accept the findings of the commission. However all concerned acted in good faith, having misinterpreted a specific section of The FA’s rules.
“Once this error was discovered, the club self-reported the breach to The FA, and took the proper steps to correct the error.
“We also fully cooperated with The FA throughout the process, while simultaneously reviewing our processes, and as a result have put in place procedures to ensure this won’t happen again.”
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