The U.S. Department of the Treasury's Office of Foreign Assets Control Issues a Penalty Notice to an Individual

U.S. Department of the Treasury sent this bulletin at 11/19/2024 02:02 PM EST

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Release of OFAC Civil Penalties and Enforcement Information

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced the issuance of a $1,104,408 penalty against an individual for 75 violations of OFAC sanctions on Iran. The violations related to the individual's use of an informal value transfer system to remit funds between the United States and Iran in order to purchase, renovate, and operate a hotel in Iran. The penalty amount reflects OFAC's determination that the violations were egregious and were not voluntarily self-disclosed.

For more information, please visit the following Enforcement Release.

For additional information on this specific action, please visit the Recent Actions Notice.

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The U.S. Department of the Treasury's Office of Foreign Assets Control Issues a Penalty Notice to an Individual

Release of OFAC Civil Penalties and Enforcement Information​​

Release of OFAC Civil Penalties and Enforcement Information