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Violation Tracker Individual Record

Company: Lloyds TSB Bank PLC
Current Parent CompanyLloyds Banking Group
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $175,000,000
Year: 2009
Date: January 9, 2009
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-ScandalSanctions Violations
Violation Description: Lloyds TSB Bank agreed to forfeit $175 million to the United States in connection with alleged violations of the International Emergency Economic Powers Act via transactions conducted on behalf of customers from Iran, Sudan and other countries sanctioned in programs administered by the Office of Foreign Assets Controls. Lloyds also reached a related settlement with the New York County District Attorney's Office.
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: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.