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Violation Tracker Individual Record

Company: Mizrahi-Tefahot Bank Ltd.
Current Parent Company: Bank Mizrahi-Tefahot
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $195,000,000
Year: 2019
Date: March 12, 2019
Offense Group: financial offenses
Primary Offense: tax violations
Mega-Scandal: Assisting Tax Evasion
Violation Description: Mizrahi-Tefahot Bank Ltd. and its subsidiaries, United Mizrahi Bank (Switzerland) Ltd. and Mizrahi Tefahot Trust Company Ltd. entered into a deferred prosecution agreement to resolve charges of having helped U.S. taxpayers conceal income and assets.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Central District of California
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
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.