Basic Search
|
Summaries
|
Advanced SearchViolation Tracker Individual Record
Company: Mega International Commercial Bank Co., Ltd.
Penalty: $29,000,000
Year: 2018
Date: January 17, 2018
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Secondary Offense: banking violation
Mega-Scandal:
Anti-Money Laundering Deficiencies
Violation Description: The Federal Reserve Board announced a $29 million penalty against the U.S. operations of Mega International Commercial Bank Co., Ltd., of Taipei, Taiwan, for anti-money laundering violations and required the firm to improve its anti-money laundering oversight and controls.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
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.
