Violation Tracker Individual Record

Company: 
ABN AMRO Bank N.V. renamed the Royal Bank of Scotland N.V.
Current Parent Company: 
ABN AMRO
Penalty: 
$500,000,000
Year: 
2010
Date: 
May 10, 2010
Primary Offense: 
economic sanction violation
Violation Description: 

The former ABN AMRO Bank N.V. agreed to forfeit $500 million in connection with an alleged conspiracy to violate the International Emergency Economic Powers Act and the Trading with the Enemy Act.

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 Parent: 
Netherlands
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
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.