The penalty: Western Union Financial Services, Inc. Settles Potential Civil Liability for Apparent Violations of the Global Terrorism Sanctions Regulations. Western Union Financial Services, Inc. (“Western Union”), a money services business (MSB) headquartered in Denver, Colorado, has agreed to pay $401,697 to settle its potential civil liability for 4,977 apparent […]
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and e.l.f. Cosmetics, Inc. 1/31/2019 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement of $996,080 with e.l.f. Cosmetics, Inc. (“ELF”) of Oakland, California. ELF has agreed to settle […]
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Yantai Jereh Oilfield Services Group Co. Ltd. 12/12/2018 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $2,774,972 settlement with Yantai Jereh Oilfield Services Group Co. Ltd. and its […]
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Société Générale S.A. 11/19/2018 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $53,966,916.05 settlement with Société Générale S.A. to settle potential civil liability for apparent violations of U.S. sanctions. […]
For some reason, this isn’t on the Recent Actions page, and there was no email notification. Mind you, it’s not a big one, and it’s only the 2nd one of the year… So, Epsilon Electronics agreed to a $1,500,000 settlement for alleged violations of the Iranian Transactions and Sanctions Regulations […]
Halliburton Atlantic Limited (HAL) and Halliburton Overseas Limited (HOL) exported goods and services to an oil and gas production consortium which had 5% ownership by Cuba Petroleo (aka Cupet), a state-owned Cuban firm. The value of the 19 invoices issued by Halliburton was $1,189,752. The statutory maximum penalty for these […]
CGG Services SA agreed to a settlement of $614,250 for violating the Cuban Asset Control Regulations in new and exciting ways. First, one of the company’s US affiliates supplied goods to a number of vessels between 2010 and 2011 while these ships were in Cuban territorial waters. Secondly, the US […]
First Data provided third party data processing services to a SDNT (Specially Designated Narcotics Trafficker), with a total value of $69,144. Since the violations were voluntarily self-disclosed and were non-egregious, the base penalty was cut in half to $34,572. So, why did First Data pay about 2/3 of the base […]
Everyone gets a piece of the pie here – the NY Department of Financial Services gets $610 million, OFAC’s official fine is in excess of $250 million (but is deemed paid on the basis of the lesser amount paid to the Department of Justice). All told, it’s another mega-fine of […]
ESCO Corporation, an Oregon company, settled allegations that it violated Cuban sanctions regulations between November 2007 and June 2011 when its subsidiary purchased products with nickel of Cuban origin. The total amount of the transactions was $6,188,149 and the base penalty for the voluntarily self-disclosed, non-egregious violations was $3,048,208. And […]
Mr. Watchlist 