Violation Tracker Individual Record
Company:
CommerceWest Bank
Current Parent Company:
CommerceWest Bank
Penalty:
$4,900,000
Year:
2015
Date:
March 10, 2015
Offense Group:
competition-related offenses
Primary Offense:
fraud
Violation Description:
The Justice Department announced a $4.9 million civil and criminal resolution with CommerceWest Bank, of Irvine, California, arising out of the department's investigation into consumer fraud schemes facilitated by the bank.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department Criminal Division
Civil or Criminal Case:
civil and criminal
Prosecution Agreement:
deferred prosecution agreement
Facility State:
California
Facility City:
Irvine
HQ Country of Parent:
USA
HQ State of Parent:
California
Ownership Structure of Parent:
privately held
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source of Data:
https://www.justice.gov/opa/pr/commercewest-bank-admits-bank-secrecy-act-violation-and-reaches-49-million-settlement-justice
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
