Violation Tracker Individual Record

Company: 
Bank Hapoalim B.M,
Current Parent Company: 
Bank Hapoalim
Penalty: 
$37,350,000
Year: 
2020
Date: 
April 30, 2020
Offense Group: 
financial offenses
Primary Offense: 
tax violations
Violation Description: 

The Federal Reserve Board fined Bank Hapoalim B.M, a foreign bank headquartered in Israel and operating in the United States, $37.35 million for the firm's unsafe and unsound practices resulting in violations of U.S. tax laws.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Reserve
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Israel
Ownership Structure of Parent: 
publicly traded
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.