Violation Tracker Individual Record

Company: 
Royal Bank of Scotland
Current Parent Company: 
Royal Bank of Scotland
Penalty: 
$50,000,000
Year: 
2013
Date: 
December 11, 2013
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 Parent: 
Scotland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
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.