Rabobank Admits Wrongdoing in Libor Investigation,
DOJ
Fraud
Penalty
$1 billion
Outcome
Rabobank Admits Wrongdoing in Libor Investigation, Agrees to Pay $325 Million Criminal Penalty
Details
Rabobank Admits Wrongdoing in Libor Investigation, — DOJ Enforcement (2013)
DOJ took enforcement action against Rabobank Admits Wrongdoing in Libor Investigation, in CT in 2013 involving fraud violations in the Community Banks / Credit Unions sector.
Penalty: $1 billion
Violation types: Fraud
Entity type: Financial Institution
Penalty type: Criminal
Location: CT
Source: DOJ Press Release — Rabobank Admits Wrongdoing in Libor Investigation, Agrees to Pay $325 Million Criminal Penalty
How Crucible Prevents This
Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.
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