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Violation Tracker UK Individual Case

Company: Commerzbank AG
Current Parent CompanyCommerzbank
Parent at the Time of the Penalty Announcement: Commerzbank
Penalty: £37,805,400
Year: 2020
Date: 17 June, 2020
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: Commerzbank paid a £37 million fine in settlement of a finding by the FCA that the company failed to have adequate anti-money laundering systems and controls in place from 2012 to 2017.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: Germany
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)