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Violation Tracker Individual Record

Company: HSBC Holdings
Current Parent Company: HSBC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $375,000,000
Year: 2012
Date: December 11, 2012
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: The U.S. Department of the Treasury's Office of Foreign Assets Control announced a $375 million settlement with HSBC Holdings plc to settle potential liability on behalf of it and certain of its affiliates for apparent violations of U.S. sanctions.
Level of Government: federal
Action Type: agency action
Agency: Office of Foreign Assets Control
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.