Violation Tracker Individual Record

Company: 
HSBC Bank USA, N.A.
Current Parent Company: 
HSBC
Penalty: 
$500,000,000
Year: 
2012
Date: 
December 11, 2012
Primary Offense: 
banking violation
Secondary Offense: 
anti-money-laundering deficiencies
Violation Description: 

The Office of the Comptroller of the Currency announced a $500 million civil money penalty against HSBC Bank USA, N.A. in connection with alleged violations of the Bank Secrecy Act.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Office of the Comptroller of the Currency
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Britain
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.