Violation Tracker Individual Record

Company: 
Credit Suisse Group AG
Current Parent Company: 
Credit Suisse
Penalty: 
$99,000,000
Year: 
2021
Date: 
October 19, 2021
Offense Group: 
competition-related offenses
Primary Offense: 
Foreign Corrupt Practices Act
Secondary Offense: 
investor protection violation
Violation Description: 

Credit Suisse Group AG agreed to pay $99 million to the Securities and Exchange Commission for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two bond offerings and a syndicated loan that raised funds on behalf of state-owned entities in Mozambique.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
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.