Violation Tracker Individual Record

Company: 
COMMERZBANK AG
Current Parent Company: 
Commerzbank
Penalty: 
$200,000,000
Year: 
2015
Date: 
March 12, 2015
Offense Group: 
financial offenses
Primary Offense: 
banking violation
Secondary Offense: 
anti-money-laundering deficiencies
Violation Description: 

The Federal Reserve Board announced a $200 million penalty and consent cease and desist order against Commerzbank AG, of Frankfurt am Main, Germany, relating to violations of U.S. sanctions, the Bank Secrecy Act, and other anti-money laundering laws.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Reserve
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Germany
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.