Violation Tracker Individual Record

Deloitte Financial Advisory Services
Current Parent Company: 
Deloitte Touche Tohmatsu
June 18, 2013
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

Deloitte Financial Advisory Services agreed to a one-year, voluntary suspension from consulting work at financial institutions regulated by the Department of Financial Services, to make a $10 million payment to the State of New York, and to implement a set of reforms to resolve allegations of misconduct, violations of law, and lack of autonomy during its consulting work at Standard Chartered on anti-money laundering issues.

Level of Government: 
Action Type: 
agency action
New York Department of Financial Services
Civil or Criminal Case: 
Facility State: 
New York
HQ Country of Parent: 
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
business services
Specific Industry of Parent: 
business services
Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.