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 of Data:
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.
