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Violation Tracker Individual Record

Company: PricewaterhouseCoopers
Current Parent Company: PricewaterhouseCoopers
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $25,000,000
Year: 2014
Date: August 18, 2014
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Mega-Scandal: Sanctions Violations
Violation Description: The Department of Financial Services announced that PricewaterhouseCoopers' Regulatory Advisory Services business would be suspended for 24 months from accepting consulting engagements at financial institutions regulated by the DFS), make a $25 million payment to the State of New York, and implement a series of reforms after improperly altering a report submitted to regulators regarding sanctions and anti-money laundering compliance at Bank of Tokyo Mitsubishi.
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: United Kingdom
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
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.