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Violation Tracker Individual Record

Company: Deloitte Financial Advisory Services
Current Parent Company: Deloitte
Penalty: $10,000,000
Year: 2013
Date: June 18, 2013
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Violation Description: Deloitte Financial Advisory Services agreed to a one-year, voluntary suspension from consulting work at financial institutions regulated by the Department of Financial Services, to make a $10 million payment to the State of New York, and to implement a set of reforms to resolve allegations of misconduct, violations of law, and lack of autonomy during its consulting work at Standard Chartered on anti-money laundering issues.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
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.