OFAC Enforcement Actions in 2005

OFAC published 92 civil penalties and settlements in 2005, totaling $1.4 million, 59% less than the 2004 total of $3.4 million (241 actions). The largest 2005 OFAC penalty was $112,000 against Natural Person. Amounts are OFAC civil penalties only, excluding related DOJ, Federal Reserve, and state resolutions.

Total penalties$1.4Mvs 2004: $3.4M
Total actions92vs 2004: 241
Largest penalty$112Kvs 2004: $199K

2005 OFAC Penalties

NameProgramView

9210/12/2005

Stolt-Nielsen Transportation GroupShipping

iran

$16,500›

9110/12/2005

Natural PersonIndividual

cuba

$4,000›

9010/12/2005

Natural PersonIndividual

cuba

$4,875›

8910/12/2005

IndeCorp CorporationTravel

libya

$14,520›

8810/12/2005

Imbsen & Associates, Inc.Software

libya

$2,400›

8710/12/2005

Archer Daniels Midland CompanyAgriculture

cuba

$13,750›

869/2/2005

Natural PersonIndividual

cuba

$5,500›

859/2/2005

Natural PersonIndividual

cuba

$6,000›

849/2/2005

International Bicycle FundNonprofit

cuba

$750›

838/5/2005

Natural PersonIndividual

cuba

$40,600›

828/5/2005

Natural PersonIndividual

cuba

$34,400›

818/5/2005

DHL Express (USA), Inc.Logistics

kosovo

$25,000›

807/1/2005

U-Freight America, Inc.Logistics

kosovo

$2,000›

797/1/2005

NYMagic, Inc. on behalf of Mutual Marine Office, Inc.Insurance

iranlibya

$4,303›

787/1/2005

NYMagic, Inc. on behalf of Mutual Marine Office, Inc.Insurance

kosovo

$42,197›

777/1/2005

Natural PersonIndividual

cuba

$8,537›

767/1/2005

Natural PersonIndividual

cuba

$37,531›

757/1/2005

J. D'Addario & Company, Inc.Trading

kosovo

$5,385›

747/1/2005

Fenner Fluid PowerMachinery & Equipment

kosovo

$3,500›

737/1/2005

ElcomTrading

kosovo

$3,088›

727/1/2005

Citizens Security Bank & TrustBanking

iran

$17,831›

717/1/2005

Audiovox, Inc.Hardware & Electronics

kosovo

$5,039›

706/3/2005

Zooma Enterprises, Inc.Trading

iraq

$2,500›

696/3/2005

WTS Agencies, Inc.Shipping

sudan

$3,000›

686/3/2005

Pioneer Valley TravelTravel

cuba

$750›

676/3/2005

Natural PersonIndividual

cuba

$24,942›

666/3/2005

Natural PersonIndividual

cuba

$31,963›

656/3/2005

Fidelity Brokerage Services, Inc. dba Fidelity InvestmentsSecurities

iran

$63,853›

645/6/2005

The Four Oaks Foundation, Inc.Nonprofit

cuba

$7,500›

635/6/2005

Schenker International, Inc.Logistics

kosovo

$2,500›

625/6/2005

Purist Audio Design, Inc.Hardware & Electronics

kosovo

$1,204›

615/6/2005

Perot Systems CorporationSoftware

libya

$21,777›

605/6/2005

Perot Systems CorporationSoftware

cuba

$426›

595/6/2005

Panalpina, Inc.Logistics

kosovo

$812›

585/6/2005

Nozzle Manufacturing CompanyMachinery & Equipment

iran

$10,000›

575/6/2005

Natural PersonIndividual

kosovo

$1,172›

565/6/2005

Natural PersonIndividual

cuba

$13,513›

555/6/2005

Natural PersonIndividual

cuba

$42,000›

545/6/2005

Natural PersonIndividual

cuba

$520›

535/6/2005

Natural PersonIndividual

cuba

$1,905›

525/6/2005

Martinair Holland N.V. dba Martinair USAAviation

cuba

$6,300›

515/6/2005

Fugro Seafloor Surveys, Inc.Energy Services

iran

$38,035›

505/6/2005

Bayer HealthCare LLCHealthcare

libya

$1,800›

495/6/2005

International Systems Management, Inc.Software

kosovo

$15,228›

485/6/2005

Panalpina, Inc.Logistics

iran

$2,750›

474/1/2005

West L.A. MusicRetail & Luxury

kosovo

$1,538›

464/1/2005

U.S. Bank of CinncinatiBanking

libya

$2,586›

454/1/2005

SunTrust BankBanking

iran

$40,423›

444/1/2005

Skandinaviska Enskilda Banken, New YorkBanking

libya

$4,500›

434/1/2005

Sea Bridge Projects, Inc.Shipping

sudan

$6,050›

424/1/2005

Natural PersonIndividual

iran

$14,272›

414/1/2005

Natural PersonIndividual

cuba

$8,638›

404/1/2005

Natural PersonIndividual

cuba

$61,750›

394/1/2005

Genesis Forwarding ServicesLogistics

kosovo

$2,500›

384/1/2005

Endocardial Solutions, Inc.Healthcare

iran

$6,000›

374/1/2005

E. & J. Gallo WineryFood & Beverage

cuba

$3,750›

364/1/2005

Bank-Fund Staff Federal Credit UnionBanking

iran

$14,000›

353/4/2005

Natural PersonIndividual

cuba

$1,938›

343/4/2005

Natural PersonIndividual

cuba

$112,000›

333/4/2005

Lufthansa Cargo AGAviation

kosovo

$31,787›

323/4/2005

Kuehne & Nagel, Inc.Logistics

kosovo

$18,957›

313/4/2005

Det Norske Veritas Certification Inc. (DNVCI)Consulting

iran

$750›

303/4/2005

Bank of New YorkBanking

kingpin

$4,650›

292/4/2005

WorldTrans Services Inc.Logistics

kosovo

$677›

282/4/2005

Wachovia BankBanking

libya

$5,500›

272/4/2005

United National Bank of San MarinoBanking

cuba

$11,000›

262/4/2005

The Bank of New YorkBanking

libya

$5,845›

252/4/2005

Terex CorporationMachinery & Equipment

kosovo

$7,000›

242/4/2005

SunTrust BankBanking

iran

$30,800›

232/4/2005

Natural PersonIndividual

iran

$575›

222/4/2005

Natural PersonIndividual

cuba

$17,119›

212/4/2005

Natural PersonIndividual

cuba

$67,813›

202/4/2005

GHS CorporationTrading

kosovo

$274›

192/4/2005

Bax Global Inc.Logistics

kosovo

$22,815›

182/4/2005

Bank of ChinaBanking

sudan

$11,000›

172/4/2005

Bank of AmericaBanking

iran

$2,760›

162/4/2005

Atlantic Bank of New YorkBanking

sudan

$5,500›

152/4/2005

A.B. Company of WisconsinTrading

kosovo

$1,094›

141/7/2005

Wells Fargo BankBanking

iran

$42,833›

131/7/2005

Union Bank of CaliforniaBanking

libya

$5,500›

121/7/2005

SK Global America, Inc.Trading

iran

$22,000›

111/7/2005

Seabury & Smith Inc.Insurance

iran

$46,341›

101/7/2005

Rieke Corporation on behalf of Rieke ItaliaMaterials & Components

cuba

$5,693›

91/7/2005

PNC BankBanking

iran

$8,200›

81/7/2005

Persepolis.comSoftware

iran

$4,026›

71/7/2005

Natural PersonIndividual

cuba

$10,000›

61/7/2005

Natural PersonIndividual

cuba

$7,225›

51/7/2005

Natural PersonIndividual

cuba

$87,150›

41/7/2005

Interland - Dialtone Inc.Telecom

iran

$865›

31/7/2005

Impaxx Machines Systems, Inc. on behalf of Trine Labeling Systems Inc.Machinery & Equipment

kosovo

$16,499›

21/7/2005

GE Ultrasound & Primary Care Diagnostics, LLC on behalf of Lunar CorporationHealthcare

iran

$51,700›

11/7/2005

Danzas AEI IntercontinentalLogistics

kosovo

$1,085›

2005 OFAC Enforcement by the Numbers

OFAC resolved 89 of its 92 enforcement actions in 2005 through settlements and issued 3 penalty notices. The median penalty was $6,025. Enforcement was concentrated in the first half of the year, with 70 actions in the first half and 22 in the second, including 35 in the first quarter and 35 in the second.

Cuba-related sanctions were cited in 32 of the 92 actions, Kosovo in 23, Iran in 22, Libya in 10, and Sudan in 4. Banking accounted for 16 actions, and logistics accounted for 10 actions, trading accounted for 6 actions, software accounted for 5 actions, machinery & equipment accounted for 4 actions, healthcare accounted for 3 actions. 66 actions targeted companies and 26 targeted individuals.

By total penalties, 2005 ranks 3rd of the 3 years in this database, and 3rd by number of actions.

OFAC Enforcement Actions in 2005

2005 OFAC Penalties

2005 OFAC Enforcement by the Numbers

OFAC Enforcement Actions by Year