Violation Tracker Individual Record

Company: 
Israel Discount Bank of New York
Current Parent Company: 
Israel Discount Bank
Penalty: 
$6,000,000
Year: 
2006
Date: 
October 20, 2006
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

This penalty overlapped with a $12 million settlement announced by the U.S. Treasury Department; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-israel-dis...

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