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Violation Tracker Individual Record

Company: Royal Bank of Scotland PLC
Current Parent Company: NatWest Group PLC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $33,000,000
Year: 2013
Date: December 11, 2013
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 $33 million agreement with Royal Bank of Scotland plc to settle the bank's potential civil liability 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: government-owned
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
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.