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Violation Tracker Individual Record

Company: UniCredit Bank AG
Current Parent Company: UniCredit
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $316,000,000
Year: 2019
Date: April 15, 2019
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: UniCredit Bank AG pleaded guilty to charges of Falsifying Records and Conspiracy from allegations it illegally moved hundreds of millions of dollars through banks in Manhattan on behalf of sanctioned countries and entities. This was part of the resolution of multiple charges against multiple UniCredit Group companies by multiple agencies. The total criminal and regulatory penalties were listed as $1.3 billion.
Level of Government: local
Action Type: agency action
Agency: Manhattan (NY) District Attorney
Civil or Criminal Case: criminal
Private Lawsuit Resolution Type: verdict
Facility State: New York
Facility County: New York
Facility City: New York
HQ Country of Current Parent: Italy
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)
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.