Violation Tracker Individual Record

Company: 
ING Bank N.V.
Current Parent Company: 
ING
Penalty: 
$619,000,000
Year: 
2012
Date: 
June 12, 2012
Primary Offense: 
economic sanction violation
Violation Description: 

The U.S. Department of the Treasury's Office of Foreign Assets Control announced a $619 million settlement with ING Bank N.V. to settle potential liability for apparent violations of U.S. sanctions.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Office of Foreign Assets Control
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Netherlands
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Notes: 

Note: This penalty is a duplicate of an amount shown in another record (either because it applies to a multi-location settlement or because Violation Tracker contains an agency record and a settlement announcement for the same case).

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.