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Violation Tracker Individual Record

Company: ING Bank, NV
Current Parent Company: ING
Penalty: $309,500,000
Year: 2012
Date: June 12, 2012
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: ING Bank agreed to pay $309.5 million to the Manhattan District Attorney's Office as part of a deferred prosecution agreement settling allegations that it transferred billions of dollars from sanctioned foreign clients into the U.S. This was part of a larger $619 million settlement involving U.S. Department of Justice; see the Violation Tracker entry at (click here).
Level of Government: local
Action Type: agency action
Agency: Manhattan (NY) District Attorney
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
Private Lawsuit Resolution Type: settlement
Facility State: New York
Facility County: New York
Facility City: New York
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
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.