Violation Tracker Individual Record
Company:
Deloitte Financial Advisory Services
Current Parent Company:
Deloitte Touche Tohmatsu
Penalty:
$10,000,000
Year:
2013
Date:
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:
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:
United Kingdom
Ownership Structure of Parent:
privately held
Major Industry of Parent:
business services
Specific Industry of Parent:
business services
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.
