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Violation Tracker Individual Record

Company: Royal Bank of Scotland
Current Parent CompanyNatWest Group PLC
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Penalty: $50,000,000
Year: 2013
Date: December 11, 2013
Offense Group: financial offenses
Primary Offense: economic sanction violation
Violation Description: The Department of Financial Services announced that Royal Bank of Scotland would pay $50 million for violations of law in connection with transactions involving Iran, Sudan, other regimes and entities subject to international sanctions.
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 Current Parent: United Kingdom
Ownership Structure of Current Parent: government-owned
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.