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Violation Tracker Individual Record

Company: Commerzbank AG
Current Parent Company: Commerzbank
Penalty: $171,000,000
Year: 2015
Date: March 12, 2015
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: Commerzbank AG agreed to pay $171 million in a Deferred Prosecution agreement with the District Attorney's Office to settle allegations it helped clients to evade U.S. international economic sanctions. This was part of a $642 million settlement involving the federal government; see the Violation Tracker entry at (click here)
Level of Government: local
Action Type: agency action
Agency: Manhattan (NY) District Attorney
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
Private Lawsuit Resolution Type: settlement
Facility State: New York
Facility County: New York
Facility City: New York
HQ Country of Current Parent: Germany
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.