Violation Tracker Individual Record

Company: 
Standard Chartered plc
Current Parent Company: 
Standard Chartered
Penalty: 
$164,000,000
Year: 
2019
Date: 
April 9, 2019
Primary Offense: 
banking violation
Violation Description: 

The Federal Reserve Board fined Standard Chartered plc and Standard Chartered Bank, of London, England, $164 million for unsafe and unsound practices relating to inadequate sanctions controls and failure to disclose sanctions risks to the Federal Reserve.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Reserve
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.