OVERVIEW

Sullivan & Cromwell’s Banking Enforcement Actions Tracker—or BEAT—is a web-based tool that aggregates and displays data pertaining to significant enforcement actions from January 1, 2008 to the present against banking organizations by the federal banking agencies, the New York State Department of Financial Services, and select other federal and state agencies.  In addition, the BEAT displays data regarding significant civil and criminal actions taken by the Department of Justice against banking organizations since January 1, 2001.  The BEAT permits users to directly search and sort the actions based on key factors of interest and using search terms, and provides important summary information about each action, thus making unnecessary the labor-intensive manual searches and reviews that, until now, have been required to compile meaningful information about enforcement actions.

There are two versions of the BEAT: a limited version, which is publicly available, and a full version, which is available to clients of Sullivan & Cromwell and offers additional features as outlined below:



The BEAT’s development and broad availability demonstrate Sullivan & Cromwell’s ongoing commitment to adding value for our clients with banking regulatory needs.
 
Sullivan & Cromwell intends to regularly update the BEAT and welcomes feedback on the tool. Clients interested in access to the full version are encouraged to contact any Sullivan & Cromwell partner you work with.  

Last Updated: February 15, 2019

Disclaimer Notice

If you registered a BEAT account before January 1, 2018, please click “Forgot Your Password?” below and update your password.

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749
Sumitomo Mitsui Banking Corporation; Sumitomo Mitsui Banking Corporation New York Branch
April 23, 2019
FRB
Written Agreement
BSA/AML
Yes No No
LOOKBACK: Yes
REDRESS: No
RELEASE: No
Violations Cited:
12 C.F.R. § 211.24(f) (BSA Program)
12 C.F.R. § 211.24(j) (BSA Program)
31 C.F.R. Chapter V (OFAC Regulations)
31 C.F.R. Chapter X (FinCEN Regulations)
Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq.
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745
UniCredit Bank AG
April 15, 2019
OFAC
Settlement Agreement
$553,380,758
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
31 C.F.R. § 542 (Syrian Sanctions Regulations)
31 C.F.R. § 544 (Weapons of Mass Destruction Proliferators Sanctions Regulations)
31 C.F.R. § 570.201 (Libyan Sanctions Regulations)
31 C.F.R. § 594.201 (Prohibited transactions involving blocked property)
Burmese Sanctions Regulations, 31 C.F.R. § 537
Cuban Assets Control Regulations, 31 C.F.R. § 515
Iranian Transactions Regulations, 31 C.F.R. § 560
Sudanese Sanctions Regulations, 31 C.F.R. § 538
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747
UniCredit Bank Austria AG
April 15, 2019
OFAC
Settlement Agreement
$20,326,340
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
31 C.F.R. § 542 (Syrian Sanctions Regulations)
Burmese Sanctions Regulations, 31 C.F.R. § 537
Cuban Assets Control Regulations, 31 C.F.R. § 515
Iranian Transactions Regulations, 31 C.F.R. § 560
Sudanese Sanctions Regulations, 31 C.F.R. § 538
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748
UniCredit S.p.A.
April 15, 2019
OFAC
Settlement Agreement
$37,316,322
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
31 C.F.R. § 542 (Syrian Sanctions Regulations)
Burmese Sanctions Regulations, 31 C.F.R. § 537
Cuban Assets Control Regulations, 31 C.F.R. § 515
Iranian Transactions Regulations, 31 C.F.R. § 560
Sudanese Sanctions Regulations, 31 C.F.R. § 538
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750
General Electric; WMC Mortgage Corporation LLC
April 12, 2019
DOJ (CIV)
Settlement Agreement
$1,500,000,000
FIRREA/Mortgages
No No No
LOOKBACK: No
REDRESS: No
RELEASE: No
Violations Cited:
Financial Institutions Reform, Recovery, and Enforcement Act ("FIRREA"), 12 U.S.C. § 1833a (Civil Penalties)
741
Standard Chartered Bank
April 9, 2019
DOJ (CRIM)
Deferred Prosecution Agreement
$52,210,160
Sanctions
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
Violations Cited:
18 U.S.C. § 371 (Conspiracy to Defaud the United States)
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742
Standard Chartered PLC; Standard Chartered Bank; Standard Chartered Bank, New York Branch
April 9, 2019
FRB
Consent Order (CMP & C&D)
$163,687,500
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-1706
Trading with the Enemy Act of 1917, 50 U.S.C. App. §§ 5, 16
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743
Standard Chartered Bank
April 9, 2019
OFAC
Settlement Agreement
$657,040,033
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
31 C.F.R. § 541 (Zimbabwe Sanctions Regulations)
31 C.F.R. § 542 (Syrian Sanctions Regulations)
Cuban Assets Control Regulations, 31 C.F.R. § 515
Iranian Transactions Regulations, 31 C.F.R. § 560
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744
Standard Chartered Bank; Standard Chartered Bank, New York Branch
April 9, 2019
NYDFS
Consent Order (CMP)
$180,000,000
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
3 NYCRR § 116.2 (AML Program)
3 NYCRR § 300.1 (Reporting of Crimes)
3 NYCRR § 300.4 (Other Reports)
New York State Banking Law § 200-c (Maintenance of Books, Accounts and Records)
New York State Banking Law § 44 (Unsafe and Unsound Practices)
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746
Standard Chartered Bank
April 9, 2019
Manhattan District Attorney
Consent Order (CMP)
$292,210,160
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
740
Citibank N.A.
March 19, 2019
OCC
Consent Order (CMP)
$25,000,000
Consumer Compliance
No Yes Yes
LOOKBACK: No
REDRESS: Yes
RELEASE: Yes
Violations Cited:
24 C.F.R. Part 100 (Discriminatory Conduct under the FHA)
Fair Housing Act, 42 U.S.C. §§ 3601 et seq.
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739
Wintrust Financial Corporation
February 25, 2019
FRB
Consent Order (CMP)
$1,012,500
Other
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Unsafe and Unsound Practices
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738
MUFG Bank, Ltd. Primary New York Branch; MUFG Bank, Ltd. Chicago Branch; MUFG Bank, Ltd. Los Angeles Branch; Federal Branches of: MUFG Bank, Ltd.
February 21, 2019
OCC
Consent Order (C&D)
BSA/AML
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
12 C.F.R. § 21.11 (SARs)
12 C.F.R. § 21.21 (BSA Program)
31 C.F.R. § 1010.610 (Due Diligence for Foreign Correspondent Accounts)
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737
Standard Chartered Bank and Standard Chartered Bank, New York Branch
January 29, 2019
NYDFS
Consent Order (CMP & C&D)
$40,000,000
Anti-Trust/Market Related
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
3 NYCRR § 300.1 (Reporting of Crimes)
New York State Banking Law § 200-c (Maintenance of Books, Accounts and Records)
New York State Banking Law § 44 (Unsafe and Unsound Practices)
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736
Enova International, Inc.
January 22, 2019
CFPB
Consent Order (CMP & C&D)
$3,200,000
Consumer Compliance
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
12 U.S.C. §§ 5531, 5536 (Unfair, Deceptive or Abusive Acts and Practices/UDAAP)
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734
USAA Federal Savings Bank
January 2, 2019
CFPB
Consent Order (CMP & C&D)
$3,500,000
Consumer Compliance
Yes Yes Yes
LOOKBACK: Yes
REDRESS: Yes
RELEASE: Yes
Violations Cited:
12 C.F.R. § 1005 (Regulation E of the Electronic Funds Transfer Act)
12 U.S.C. §§ 5531, 5536 (Unfair, Deceptive or Abusive Acts and Practices/UDAAP)
Electronic Fund Transfer Act, 15 U.S.C. §§ 1693 et seq.
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735
Wells Fargo Bank, N.A
December 28, 2018
State Attorneys General
Consent Order (CMP & C&D)
$575,000,000
Consumer Compliance
Yes Yes Yes
LOOKBACK: Yes
REDRESS: Yes
RELEASE: Yes
Violations Cited:
Unspecified State Consumer Protection Laws
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733
Barclays Bank Plc And Barclays Bank Plc, New York Branch
December 18, 2018
NYDFS
Consent Order (CMP)
$15,000,000
Other
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
Violations Cited:
3 NYCRR § 300.1 (Reporting of Crimes)
New York State Banking Law § 44 (Unsafe and Unsound Practices)
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732
UBS Financial Services Inc.
December 11, 2018
FinCen
Assessment of a Civil Money Penalty
$14,500,000
BSA/AML
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
31 C.F.R. § 1010.630(a) (Prohibition on Correspondent Accounts for Foreign Shell Banks)
31 C.F.R. § 1023.210 (AML program for brokers or dealers in securities)
31 U.S.C. § 5318(h) (BSA Program)
31 U.S.C. § 5318(i) (Due Diligence for Foreign Correspondent Accounts)
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726
Societe Generale S.A.
November 19, 2018
OFAC
Settlement Agreement
$53,966,916
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Cuban Assets Control Regulations, 31 C.F.R. § 515
Iranian Transactions Regulations, 31 C.F.R. § 560
Sudanese Sanctions Regulations, 31 C.F.R. § 538
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727
Societe Generale S.A.
November 19, 2018
FRB
Consent Order (CMP & C&D)
$81,265,000
BSA/AML & Sanctions
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
Violations Cited:
International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-1706
Trading with the Enemy Act of 1917, 50 U.S.C. App. §§ 5, 16
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728
Societe Generale S.A.
November 19, 2018
NYDFS
Consent Order (CMP)
$325,000,000
Sanctions
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
Violations Cited:
3 NYCRR § 116.2 (AML Program)
3 NYCRR § 3.1 (False Entries)
3 NYCRR § 300.1 (Reporting of Crimes)
3 NYCRR § 300.4 (Other Reports)
New York State Banking Law § 200-c (Maintenance of Books, Accounts and Records)
New York State Banking Law § 44 (Failure to Make Reports)
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729
Societe Generale S.A.
November 19, 2018
NYDFS
Consent Order (CMP)
$95,000,000
BSA/AML
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
Violations Cited:
3 NYCRR § 116.2 (AML Program)
New York State Banking Law § 200-c (Maintenance of Books, Accounts and Records)
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730
Societe Generale S.A.
November 19, 2018
DOJ (CRIM)
Deferred Prosecution Agreement
$717,200,000
Sanctions
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
Violations Cited:
Cuban Assets Control Regulations, 31 C.F.R. § 515, 201(a)1, (c), and (d)
Trading with the Enemy Act of 1917, 50 U.S.C. § 4303, 4305, 4315(a)
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731
Societe Generale S.A.
November 19, 2018
Manhattan District Attorney
Consent Order (CMP)
$162,800,000
Sanctions
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
725
MoneyGram International Inc.
November 8, 2018
DOJ (CRIM)
Deferred Prosecution Agreement
$125,000,000
BSA/AML
Yes Yes No
LOOKBACK: Yes
REDRESS: Yes
RELEASE: No
Violations Cited:
18 U.S.C. § 1343 (Wire Fraud)
18 U.S.C. § 2 (Aiding and Abetting)
31 U.S.C. § 5318(h) (BSA Program)
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722
CapitalOne, N.A. and CapitalOne Bank (USA), N.A.
October 23, 2018
OCC
Consent Order (CMP)
$100,000,000
BSA/AML
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
12 C.F.R. § 21.11 (SARs)
12 C.F.R. § 21.21 (BSA Program)
12 U.S.C. § 1818(s) (BSA Program)
31 C.F.R. § 1010.410 (Financial Institution Records)
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723
Universal American Mortgage Company LLC
October 19, 2018
DOJ (CIV)
Consent Order (CMP)
$13,200,000
Mortgages
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
False Claims Act, 31 U.S.C. §§ 3729 et seq.
721
Wells Fargo & Company
October 18, 2018
New York Attorney General
Settlement Agreement
$65,000,000
Other
No No No
LOOKBACK: No
REDRESS: No
RELEASE: No
Violations Cited:
Article 23-A of the General Business Law of the State of New York/Martin Act
New York State Executive Law § 63(12)
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720
Mashreqbank, PSC and Mashreqbank, PSC, New York Branch
October 10, 2018
NYDFS
Consent Order (CMP)
$40,000,000
BSA/AML
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
Violations Cited:
3 NYCRR § 116.2 (AML Program)
New York State Banking Law § 200-c (Maintenance of Books, Accounts and Records)
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724
HSBC
October 9, 2018
DOJ (CIV)
Consent Order (CMP)
$765,000,000
FIRREA/Mortgages
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Financial Institutions Reform, Recovery, and Enforcement Act ("FIRREA"), 12 U.S.C. § 1833a (Civil Penalties)
718
JPMorgan Chase Bank, N.A.
October 5, 2018
OFAC
Settlement Agreement
$5,263,171
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
31 C.F.R. § 544 (Weapons of Mass Destruction Proliferators Sanctions Regulations)
Cuban Assets Control Regulations, 31 C.F.R. § 515
Iranian Transactions Regulations, 31 C.F.R. § 560
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719
JPMorgan Chase Bank, N.A.
October 5, 2018
OFAC
Finding of Violation
Sanctions
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
31 C.F.R. § 542 (Syrian Sanctions Regulations)
31 C.F.R. § 598 (Foreign Narcotics Kingpin Sanctions Regulations)
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717
Ciitbank N.A., Department Stores National Bank, and FDS Bank
September 24, 2018
DOJ (CIV)
Consent Order (CMP)
Consumer Compliance
Yes Yes Yes
LOOKBACK: Yes
REDRESS: Yes
RELEASE: Yes
Violations Cited:
Bankruptcy Rule 9011 (Signing of Papers)
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716
The Bank of New York Mellon
August 28, 2018
FRB
Order of Assessment of a Civil Monetary Payment
$16,000
Other
No No No
LOOKBACK: No
REDRESS: No
RELEASE: No
Violations Cited:
12 C.F.R. § 208.25 (Loans in Special Flood Hazard Areas)
National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, 42 U.S.C. § 4012a(f)(2)
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714
The Royal Bank of Scotland Group plc.
August 14, 2018
DOJ (CIV)
Settlement Agreement
$4,900,000,000
FIRREA/Mortgages
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
False Claims Act, 31 U.S.C. §§ 3729 et seq.
Financial Institutions Reform, Recovery, and Enforcement Act ("FIRREA"), 12 U.S.C. § 1833a (Civil Penalties)
Injunctions Against Fraud Act, 18 U.S.C. § 1345
Program Fraud Civil Remedies Act, 31 U.S.C. §§ 3801 et seq.
Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. §§ 1961 et seq.
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713
Citigroup Inc.
August 10, 2018
FRB
Order of Assessment of a Civil Monetary Payment
$8,600,000
Mortgages
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
Violations Cited:
Unsafe and Unsound Practices
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712
Wells Fargo Bank, N.A.
August 1, 2018
DOJ (Civ)
Settlement Agreement
$2,090,000,000
FIRREA/Mortgages
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
18 U.S.C. § 1014 (False Statements to Financial Institutions)
18 U.S.C. § 1341 (Mail Fraud)
18 U.S.C. § 1343 (Wire Fraud)
18 U.S.C. § 1344 (Financial Institutions Fraud).
Financial Institutions Reform, Recovery, and Enforcement Act ("FIRREA"), 12 U.S.C. § 1833a (Civil Penalties)
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For this purpose, "significant" is defined as (1) an action against a Global Systemically Important Bank or (2) that involves at least one of the following: (a) penalties of $1 million or more; (b) substantial consumer relief requirements; or (c) coordinated or parallel actions by a federal banking agency and at least one other agency.

Prior to October 2011 The New York Department of Financial Services was the New York State Banking Department.

Disclaimer Notice: Banking Enforcement Actions Tracker is an informational product provided by Sullivan & Cromwell LLP and should not be regarded as a substitute for legal advice.