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Société Générale

Unknown 2017 Community Banks / Credit Unions
DOJ Fraud
Penalty
$50 million

Outcome

Société Générale Agrees To Pay $50 Million Penalty To Settle RMBS Fraud Claims

Details

Société Générale — DOJ Enforcement (2017)

DOJ took enforcement action against Société Générale in 2017 involving fraud violations in the Community Banks / Credit Unions sector.

Penalty: $50 million

Violation types: Fraud
Entity type: Financial Institution
Penalty type: Settlement

Source: DOJ Press Release — Société Générale Agrees To Pay $50 Million Penalty To Settle RMBS Fraud Claims

How Crucible Prevents This

Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.

Source: DOJ Press Release — Société Générale Agrees To Pay $50 Million Penalty To Settle RMBS Fraud Claims

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