Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Standard Chartered plc
Current Parent CompanyStandard Chartered
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $164,000,000
Year: 2019
Date: April 9, 2019
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: economic sanction violation
Mega-ScandalSanctions Violations
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 Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.