Violation Tracker Individual Record

Company: 
Rabobank N.A.
Current Parent Company: 
Rabobank
Penalty: 
$500,000
Year: 
2018
Date: 
May 18, 2018
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

Rabobank's California subsidiary was sentenced to pay a $500,000 criminal fine in addition to a previous agreement to forefeit $368 million in connection with its guilty plea relating to charges that it obstructed an Office of the Comptroller of the Currency examination of deficiencies in the bank's anti-money laundering program.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
U.S. Attorney-Southern District of California
Civil or Criminal Case: 
criminal
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.