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Violation Tracker Individual Record

Company: Bank Hapoalim B.M,
Current Parent Company: Bank Hapoalim
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $37,350,000
Year: 2020
Date: April 30, 2020
Offense Group: financial offenses
Primary Offense: tax violations
Mega-Scandal: Assisting Tax Evasion
Violation Description: The Federal Reserve Board fined Bank Hapoalim B.M, a foreign bank headquartered in Israel and operating in the United States, $37.35 million for the firm's unsafe and unsound practices resulting in violations of U.S. tax laws.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
HQ Country of Current Parent: Israel
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)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.