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Violation Tracker Individual Record

Company: UniCredit, S.p.A.
Current Parent Company: UniCredit
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $158,000,000
Year: 2019
Date: April 15, 2019
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: The Federal Reserve Board fined UniCredit, S.p.A., a foreign bank operating in the United States and headquartered in Italy, and two of its subsidiaries $158 million for unsafe and unsound practices related to inadequate sanctions controls and supervision of its subsidiary banks.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
HQ Country of Current Parent: Italy
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.