Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Standard Chartered Bank
Current Parent Company: Standard Chartered
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $300,000,000
Year: 2014
Date: August 19, 2014
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: Standard Chartered Bank was penalized $300 million for failing to remediate anti-money laundering compliance problems as required in the bank's 2012 settlement with the New York State Department of Financial Services.
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: 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.