Violation Tracker Individual Record

Company: 
Bank Leumi Group
Current Parent Company: 
Bank Leumi
Penalty: 
$270,000,000
Year: 
2014
Date: 
December 22, 2014
Offense Group: 
financial offenses
Primary Offense: 
tax violations
Violation Description: 

A major Israeli international bank admitted that it conspired to aid and assist U.S. taxpayers to prepare and present false tax returns to the Internal Revenue Service by hiding income and assets in offshore bank accounts in Israel and elsewhere around the world.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Tax Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
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.