Violation Tracker Individual Record

Company: 
Commerzbank AG
Current Parent Company: 
Commerzbank
Penalty: 
$642,000,000
Year: 
2015
Date: 
March 12, 2015
Primary Offense: 
economic sanction violation
Violation Description: 

Commerzbank AG and Commerzbank AG New York Branch agreed to forfeit $563 million, pay a $79 million fine and enter into a deferred prosecution agreement with the Justice Department for violations of the International Emergency Economic Powers Act and the Bank Secrecy Act.

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