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
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 https://violationtracker.goodjobsfirst.org/violation-tracker/-ing-bank-nv.

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 Parent: 
Netherlands
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial 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.