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Violation Tracker Individual Record

Company: Union Bank of California, N.A.
Current Parent Company: U.S. Bancorp
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $21,600,000
Year: 2007
Date: September 17, 2007
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Violation Description: Union Bank of California, N.A. entered into a deferred prosecution agreement on charges of failing to maintain an effective anti-money laundering program and agreed to forfeit $21.6 million to the U.S. government.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
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.