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Violation Tracker Individual Record

Company: BankAtlantic
Current Parent Company: Truist Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $10,000,000
Year: 2006
Date: April 26, 2006
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Violation Description: Florida-based BankAtlantic entered into a deferred prosecution agreement with the government and agreed to forfeit $10 million to resolve charges of failing to maintain an anti-money laundering program.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
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.