Violation Tracker Individual Record

Company: 
UBS AG
Current Parent Company: 
UBS
Penalty: 
$1,700,100
Year: 
2015
Date: 
August 27, 2015
Primary Offense: 
economic sanction violation
Violation Description: 

The U.S. Department of the Treasury's Office of Foreign Assets Control announced a $1,700,100 settlement with UBS AG to settle its potential civil liability for 222 apparent violations of the Global Terrorism Sanctions Regulations.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Office of Foreign Assets Control
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
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.