Violation Tracker Individual Record

Company: 
Standard Chartered Bank
Current Parent Company: 
Standard Chartered
Penalty: 
$132,000,000
Year: 
2012
Date: 
December 10, 2012
Offense Group: 
financial offenses
Primary Offense: 
economic sanction violation
Violation Description: 

The U.S. Department of the Treasury's Office of Foreign Assets Control announced a $132 million agreement with Standard Chartered Bank to settle the bank's 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: 
Britain
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
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.