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OFAC Enforcement Action: Procesadora Campofresco fined $27,000

Six violations of anti-narcotics trafficking sanctions were the cause. The violations:

From on or about October 9, 2009, to onor about July 21 , 2010, Campofresco made six purchases worth a total of$344,016 of frozenpassion fruit juice/pulp from Frutas Exoticas Colombiana S.A. (a.k.a. Frexco S.A. d/b/a GrupoC. Lozano Frexco SAS), a Specially Designated Narcotics Trafficker.

The violations, while not voluntarily self-disclosed, were non-egregious in nature, resulting in a base penalty of $600,000. Here's why the fine got knocked down so much:

OFAC considered the following to be mitigating factors:

  • Campofrescohas not received a penalty notice or Finding ofViolation from OFAC in the five years precedingthe date of the earliest transaction giving rise to the apparent violations;
  • Campofresco cooperatedwith OFAC's investigation;
  • Campofresco took appropriate remedial measures by instituting acompliance program in response to the apparent violations; and
  • The individual characteristics ofthe company, including the size of its operations and financial condition.

OFAC found thefollowing to be an aggravating factor: Campofresco did not have an OFAC compliance programin place at the time of the apparent violations,.

Links:

OFAC Enforcement Information

 

 

Categories: Narcotics Trafficking OFAC Updates Settlements

eric9to5

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