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Violation Tracker Individual Record

Company: Mega International Commercial Bank
Penalty: $180,000,000
Year: 2016
Date: August 19, 2016
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: Mega International Commercial Bank of Taiwan agreed to pay a $180 million penalty and install an independent monitor for violating New York's anti-money laundering laws.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
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.