2023 Enforcement Information
Browse OFAC Enforcement Actions By Year
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003
Civil Penalties Information Chart
| Detailed Penalties/ Findings of Violation Information | Name | Aggregate Number of Penalties, Settlements, or Findings of Violation | Penalties/Settlements Total in USD |
|---|---|---|---|
| 12/21/2023 | Privilege Underwriters Reciprocal Exchange | 1 | 466,200 |
| 12/13/2023 | CoinList Markets LLC | 1 | 1,207,830 |
| 12/08/2023 | Nasdaq, Inc. | 1 | 4,040,923 |
| 11/21/2023 | Binance | 1 | 968,618,825 |
| 11/06/2023 | DaVinci Payments | 1 | 206,213.00 |
| 09/21/2023 | Emigrant Bank | 1 | 31,867.90 |
| 09/21/2023 | 3M Company | 1 | 9,618,477 |
| 08/16/2023 | Construction Specialties Inc. | 1 | 660,954 |
| 06/20/2023 | Swedbank AS (Latvia) | 1 | 3,430,900 |
| 05/17/2023 | Murad, LLC, and an Individual | 2 | 3,509,286 |
| 05/01/2023 | Poloniex, LLC | 1 | 7,591,630 |
| 04/25/2023 | British American Tobacco p.l.c. | 1 | 508,612,492 |
| 04/06/2023 | Microsoft Corporation | 1 | 2,980,265.86 |
| 03/31/2023 | Uphold HQ Inc. | 1 | 72,230.32 |
| 03/30/2023 | Wells Fargo Bank, N.A. | 1 | 30,000,000 |
| 03/01/2023 | Godfrey Phillips India Limited | 1 | 332,500 |
| Year to date totals: | 17 | 1,541,380,594.08 |
Additional enforcement actions
Additional Selected Settlement Agreements
Additional Guidance on OFAC's Enforcement and Compliance Policies
- A Framework for OFAC Compliance Commitments
- OFAC Enforcement Guidelines
- Memoranda of Understanding Between OFAC and Bank Regulators
- Memorandum of Understanding Between OFAC and the State of Delaware Department of Justice
- OFAC Office of Compliance and Enforcement Data Delivery Standards Guidance: Preferred Practices for Productions to OFAC
- Advisory and Guidance on Potential Sanctions Risks Arising from Dealings in High-Value Artwork
- Sanctions Compliance Guidance for the Virtual Currency Industry
- Sanctions Compliance Guidance for Instant Payment Systems
- Tri-Seal Compliance Note: Voluntary Self-Disclosure of Potential Violations
- Quint-Seal Compliance Note: Know Your Cargo: Reinforcing Best Practices to Ensure the Safe and Compliant Transport of Goods in Maritime and Other Forms of Transportation
- Tri-Seal Compliance Note: Obligations of foreign-based persons to comply with U.S. sanctions and export control laws
Statues, Rules and Regulations Relating to OFAC Settlements and Civil Penalties
Statutes
Code of Federal Regulations
- 31 CFR 501 Reporting, Procedures, and Penalties Regulations
Federal Register Notices
- 89 FR 2139-24 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 88 FR 2229-23 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 87 FR 7369-22 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 87 FR 3206-22 - Amendment of Applicable Schedule Amount
- 86 FR 18895-21 - Adjustment of Applicable Schedule Amount
- 86 FR 14534-21 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 85 FR 54911-20 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 85 FR 48474-20 - Adjustment of Applicable Schedule Amount
- 85 FR 19884-20 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 84 FR 27714-19 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 83 FR 11876-18 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 82 FR 10434-17 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 81 FR 43070-16 - Implementation of the Federal Civil Penalties Inflation Adjustment Act
- 74 FR 57593-09 - OFAC's Enforcement Guidelines
- 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
- 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.
- 70 FR 15761-05 - Administrative Collection of Civil Penalties in the Iranian Assets Control Regulations, the Libyan Sanctions Regulations, and the Iraqi Sanctions Regulations
- 68 FR 61359-03 - Implementation of requirement under the Federal Civil Penalties Inflation Adjustment Act of 1990
- 68 FR 53640-03 - Civil Penalties Rights and Procedures for the Cuba Sanctions Program