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Violation Tracker Individual Record

Company: Lloyds TSB Bank plc
Current Parent CompanyLloyds Banking Group
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $175,000,000
Year: 2009
Date: January 9, 2009
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-ScandalSanctions Violations
Violation Description: Lloyds TSB Bank agreed to pay $175 million to the Manhattan District Attorney as part of a deferred prosecution agreement settling allegations that it falsified records by altering wire transfer information to enable Iranian and Sudanese banking clients to access the U.S. banking system in violation of federal sanctions. This was part of a larger settlement involving the U.S. Department of Justice, which also received $175 million from Lloyds; 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: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
Notes: A later press release notes that half the settlement was paid to the New York District Attorney's Office.
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.