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Violation Tracker Individual Record

Company: Industrial and Commercial Bank of China Ltd.
Current Parent Company: Industrial and Commercial Bank of China
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $30,000,000
Year: 2024
Date: January 19, 2024
Offense Group: financial offenses
Primary Offense: banking violation
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: ICBC agreed to pay $30 million in settlement of allegations of Bank Secrecy Act/Anti-Money Laundering compliance deficiencies and violations of New York law.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: China
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)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.