FACTBOX-Fines to non-U.S. financial institutions by U.S. regulators
DUBAI, Dec 25 (Reuters) - As the financial system becomes increasingly interconnected, banks around the world are finding their activities scrutinised by an increasing number of regulators. The reach of U.S. regulators has also increased and banks are finding themselves in trouble for contravening American sanctions - sometimes even when they don't have operations in the United States. Below is a list of fines handed out to non-U.S.-based financial institutions between Dec. 1, 2012 and Dec. 23, 2013 by U.S. regulators.
Bank Fine Date Regulato As % of FY r 2012 pre-tax pre-tax profit/l profit oss in $
HSBC $1.92 Dec. DOJ 9.3% 20,649 Holdings bln 2012 Standard $667 mln Dec. OFAC, 8.9% 7,486 Chartere 2012 DOJ, d others Bank of $250 mln June NYDFS 3.02% 8,278 Tokyo-Mi 2013
Royal $100 mln Dec. OFAC N/A -8,494 Bank of 2013
Bank of $8.57 Dec. OFAC 0.1%# 8,278 Tokyo-Mi mln 2012
Intesa $2.95 June OFAC 0.07% 4,067 Sanpaolo mln 2013 Alma $1.5 mln Oct. OFAC N/A N/A Investme 2013
Bank of $27,000 Feb. OFAC 0.2%* 12.04 Guam 2013
DOJ - U.S. Department of Justice 5/8 OFAC - U.S. Office of Foreign Assets Control 5/8 NYDFS - New York state Department of Financial Services
Note: Currency conversions based on exchange rates on Dec. 24, 2013.
* Based on 2012 results for BankGuam Holding Company, which owns 100 percent of Bank Guam - its principal asset.
# Financial year ending March 31, 2013.
Sources: Thomson Reuters; OFAC; DOJ; NYDFS; companies
(Reporting by David French; Editing by Giles Elgood)