"ICBC Fined $2.4 Million for Unauthorized Disclosure of Supervisory Information"
TL;DR
The Federal Reserve Board has fined the Industrial and Commercial Bank of China Ltd. and its New York branch approximately $2.4 million for unauthorized use and disclosure of confidential supervisory information, including reports of bank examinations and other confidential communications by banking regulators, totaling approximately $32.4 million in penalties with the New York Department of Financial Services.
Topics:businessfinance#federal-reserve-board#finance#fines#industrial-and-commercial-bank-of-china-ltd#new-york-branch#unauthorized-disclosure
- Federal Reserve Board issues enforcement action and fines the Industrial and Commercial Bank of China Ltd. and its New York branch approximately $2.4 million for their unauthorized use and disclosure of confidential supervisory information Federal Reserve
- ICBC to pay $32.4 mln to US regulators over AML lapses, supervisory information disclosure Reuters
- ICBC Fined $32 Million by New York's Financial Regulator and Fed for Compliance Failures The Wall Street Journal
- US Fed fines Industrial and Commercial Bank of China for bank secrecy lapses South China Morning Post
- Fed Fines ICBC for Use of 'Confidential Supervisory Information' Bloomberg
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