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Violation Tracker Individual Record

Company: COMMERZBANK AG
Current Parent Company: Commerzbank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $200,000,000
Year: 2015
Date: March 12, 2015
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: anti-money-laundering deficiencies
Mega-Scandal: Sanctions Violations
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 Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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.