Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: ING Bank N.V.
Current Parent Company: ING
Penalty: $619,000,000
Year: 2012
Date: June 12, 2012
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: ING Bank N.V. agreed to forfeit $619 million to the Justice Department and the New York County District Attorney's Office to resolve charges of conspiring to violate the International Emergency Economic Powers Act and the Trading with the Enemy Act and for violating New York state laws by illegally moving billions of dollars through the U.S. financial system on behalf of sanctioned Cuban and Iranian entities.
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 Current Parent: Netherlands
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
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.