Enforcement: Sanctions : OFAC - un-named individual
Penalty of USD30,000 against un-named individual for inward investment into Iran.
On or about 14 June, 2006, 13 November, 2006, and 27 November, 2006, the individual engaged in prohibited transactions when he sent and/or attempted to send funds to Iran for investment in a catering business located in Iran.
The individual did not voluntarily disclose the violations to OFAC, however the violations were considered non-
egregious in nature.
The assessment amount reflects OFAC’s consideration pursuant to its Enforcement Guidelines, 74 Fed. Reg. 57,593 (Nov. 9, 2009).
Furthermore, in addition to being a non-egregious act, this was also the individual’s first violation of an OFAC sanctions program.
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