Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Atlantic International Bank Limited
Penalty: $23,000,000
Year: 2019
Date: September 24, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Under a proposed consent order, Belize's Atlantic International Bank Limited will pay $23 million, representing approximately all of its U.S.-based assets, to settle Federal Trade Commission charges that it assisted various related entities in deceiving U.S. consumers as part of a scheme to sell property in Sanctuary Belize.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
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.