Violation Tracker Individual Record

Company: 
Rabobank
Current Parent Company: 
Rabobank
Penalty: 
$325,000,000
Year: 
2013
Date: 
October 29, 2013
Offense Group: 
competition-related offenses
Primary Offense: 
interest rate benchmark manipulation
Violation Description: 

Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) entered into an agreement with the Department of Justice to pay a $325 million penalty to resolve violations arising from Rabobank's submissions for the London InterBank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (Euribor).

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 Parent: 
Netherlands
Ownership Structure of Parent: 
cooperative
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
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.