Violation Tracker Individual Record

Company: 
Credit Agricole
Current Parent Company: 
Credit Agricole
Penalty: 
$385,000,000
Year: 
2015
Date: 
October 20, 2015
Offense Group: 
financial offenses
Primary Offense: 
economic sanction violation
Violation Description: 

Credit Agricole agreed to pay $385 million and install an independent consultant to resolve alleged New York banking law violations in connection with transactions between 2003 and 2008 on behalf of countries and entities subject to U.S. sanctions, including Sudan, Iran, Myanmar, and Cuba. At the same time, the bank paid penalties to the Federal Reserve, the U.S. Attorney for the District of Columbia and the Manhattan District Attorney's Office.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Department of Financial Services
Civil or Criminal Case: 
civil
Facility State: 
New York
HQ Country of Parent: 
France
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.