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Civil Penalties and Enforcement Information

2014 Enforcement Information  
OFAC Enforcement Year Navigation
Browse OFAC Enforcement Actions By Year
2014 | 2013 | 2012 | 2011 | 20102009 | 20082007 | 2006 | 2005 | 2004 | 2003

Civil Penalties Information Chart
Detailed Penalties Information Aggregate Number of Penalties or Settlements  Monthly Penalties/Settlements Total in USD
​09/09/2014 ​1 ​200,000
​09/03/2014 ​1 ​217,841
08/27/2014 ​1 ​19,125
​07/25/2014 ​1 ​4,073,000
07/24/2014 ​1 ​27,000
​07/24/2014 ​1 ​​16,562,700
07/17/2014 ​1 ​​21,375
06/30/2014 ​1 ​963,619,900
06/27/2014 ​1 ​89,775
06/25/2014 ​1 ​64,758
06/05/2014 ​1 ​50,922,208
​05/08/2014 ​1 ​279,038
​05/06/2014 ​1 ​2,809,800
​05/06/2014 ​1 ​29,340
​04/18/2014 ​1 ​5,990,490
04/02/2014 1​ 85,113​
03/31/2014​ 1​ 157,500​
03/06/2014​ 1​ 504,225​
01/27/2014 1​ 9,492,525​
01/23/2014 1​ 151,902,000
Year to date totals: 20 $1,207,067,713


Selected Settlement Agreements:

2014 Information

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Bank of America, N.A.

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and BNP Paribas SA

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Clearstream Banking, S.A.

2013 Information

The U.S. Department of the Treasury’s Office of Foreign Assets Control has issued a Finding of Violation to VISA International Service Association

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and the Royal Bank of Scotland plc.

2012 Information

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and HSBC Holdings plc

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Standard Chartered Bank

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and ING Bank, N.V. 

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Online Micro, LLC

2011 Information

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Sunrise Technologies and Trading Corporation

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and JPMorgan Chase Bank N.A.

2010 Information

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Barclays Bank PLC.

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Innospec, Inc

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Aviation Services International, B.V.

2009 Information

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Lloyds TSB Bank, plc.

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Credit Suisse AG.

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Australia and New Zealand Banking Group, Ltd.

What laws, rules and regulations provide the legal framework for the sanctions?  

Executive Orders

No documents currently available

Statutes

IEEPA, 50 USCS Sec 1701

TWEA, 50 USCS Sec 5

Code of Federal Regulations

31 CFR 501 Reporting, Procedures, and Penalties Regulations

Federal Register Notices

68 FR 53640-03 - Civil Penalties Rights and Procedures for the Cuba Sanctions Program

68 FR 61359-03 - Implementation of requirement under the Federal Civil Penalties Inflation Adjustment Act of 1990

70 FR 15761-05 - Administrative Collection of Civil Penalties in the Iranian Assets Control Regulations, the Libyan Sanctions Regulations, and the Iraqi Sanctions Regulations

71 FR 29251-06 - revised regulations to reflect amendments to the International Emergency Economic Powers Act (IEEPA) made by the Combating Terrorism Financing Act of 2005.

73 FR 32650-08  - Final Rule amending civil penalty provisions in 17 parts of the regulations OFAC administers, specifically those for which the International Emergency Economic Powers Act (“IEEPA”) provides civil penalty authority

74 FR 57593-09  - OFAC's Enforcement Guidelines

 
Last Updated: 9/9/2014 1:32 PM