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Violation Tracker Global: Individual Record

Company: Max It Finance Ltd.
Current Parent CompanyBank Leumi
Parent at the Time of the Penalty Announcement: Bank Leumi
Jurisdiction: Israel
Region: Middle East
Penalty Currency: Israeli new shekel
Penalty Amount in Original Currency: 900,000
U.S. Dollar Equivalent at the Time of the Penalty Announcement: $278,523
Year: 2021
Date: August 3, 2021
Agency: Bank of Israel
Offense Group: financial offenses
Offense Category: banking violation
Description: The Banking Supervision Department imposed a financial sanction on the Max credit card company for honoring a charge on a cancelled credit card.
HQ Country of Current Parent: Israel
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
VTG Record ID: VTG24-70655