Violation Tracker Individual Record

Company: 
UniCredit Bank AG
Current Parent Company: 
UniCredit
Penalty: 
$316,000,000
Year: 
2019
Date: 
April 15, 2019
Offense Group: 
financial offenses
Primary Offense: 
economic sanction violation
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 Parent: 
Italy
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
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.