Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Credit Agricole
Current Parent Company: Credit Agricole
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $385,000,000
Year: 2015
Date: October 20, 2015
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
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 Current Parent: France
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.