Violation Tracker Individual Record

Company: 
Hudson United Bank
Penalty: 
$5,000,000
Year: 
2004
Date: 
March 2, 2004
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

Hudson United Bank agreed to pay $5 million in settlement of allegations it did not take appropriate measures to guard against money-laundering when accounts it had bought were taking wire transfers from South America without checks.

Level of Government: 
local
Action Type: 
agency action
Agency: 
Manhattan (NY) District Attorney
Civil or Criminal Case: 
civil
Private Lawsuit Resolution Type: 
settlement
Facility State: 
New York
Facility County: 
New York
Facility City: 
New York
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.