The Board of Governors of the Federal Reserve System issued a civil monetary penalty against the Tel Aviv, Israel-based financial institution requiring it to pay a $37,350,000 fine for unsafe and unsound practices resulting in violations of U.S. tax laws.
April 30, 2020
The U.S. Justice Department entered into a non-prosecution agreement with the Tel Aviv, Israel-based financial institution and its Swiss subsidiary, under which they agreed to pay a $9,329,995 fine and forfeit $20,733,322 to resolve an investigation into their role in a money laundering conspiracy.
April 30, 2020
The New York State Department of Financial Services entered into a consent order with the Tel Aviv, Israel-based bank and its New York branches requiring it to pay $220 million penalty for knowingly facilitating clients' evasion of state and federal taxes.
April 30, 2020
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