Violation Tracker Individual Record

Company: 
UniCredit, S.p.A.
Current Parent Company: 
UniCredit
Penalty: 
$158,000,000
Year: 
2019
Date: 
April 15, 2019
Offense Group: 
financial offenses
Primary Offense: 
banking violation
Violation Description: 

The Federal Reserve Board fined UniCredit, S.p.A., a foreign bank operating in the United States and headquartered in Italy, and two of its subsidiaries $158 million for unsafe and unsound practices related to inadequate sanctions controls and supervision of its subsidiary banks.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Reserve
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Italy
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.