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Violation Tracker Individual Record

Company: Mashreqbank, PSC
Penalty: $100,000,000
Year: 2021
Date: October 26, 2021
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: Mashreq agreed to pay $100 million in settlement of allegations it allowed Sudan-related payments at its New York branch between 2009 and 2014 in violation of sanctions.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
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.