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Violation Tracker Individual Record

Company: Israel Discount Bank of New York
Current Parent CompanyIsrael Discount Bank
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $8,500,000
Year: 2005
Date: December 16, 2005
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Violation Description: Israel Discount Bank of New York agreed to pay a total of $8.5 million to the City and State of New York in settlement of allegations it failed to monitor customers, thus enabling them to illegally move funds into New York.
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
HQ Country of Current Parent: Israel
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.