State Street Corporation

MA 2021 Community Banks / Credit Unions

DOJ Conspiracy

Penalty

$290 million

Outcome

State Street Corporation to Pay $115 Million Criminal Penalty and Enter Into Deferred Prosecution Agreement in Connection With Scheme to Overcharge Custody Customers

Details

State Street Corporation — DOJ Enforcement (2021)

Outcome: State Street Corporation to Pay $115 Million Criminal Penalty and Enter Into Deferred Prosecution Agreement in Connection With Scheme to Overcharge Custody Customers

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 — State Street Corporation to Pay $115 Million Criminal Penalty and Enter Into Deferred Prosecution Agreement in Connection With Scheme to Overcharge Cu

Don't let this happen to your organization. See how Crucible works.

See How Crucible Works