BankAtlantic OFAC Settlement: $7.5K (2008)

Last updated: July 20, 2026

BankAtlantic settled allegations of possible violations of the Cuban Assets Control Regulations after OFAC alleged that BankAtlantic failed to block a payment in which the Government of Cuba had an interest, occurring in July 2004. BankAtlantic remitted $7,500 to resolve the matter. BankAtlantic voluntarily disclosed this matter to OFAC, cooperated with OFAC's investigation, and implemented corrective measures and improvements to its OFAC compliance program.

Penalty Amount

$7,500.00

Enforcement Date

February 22, 2008

Rank in Top Penalties

#589

Case Details

Type:: Entity
Name:: BankAtlantic
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Fort Lauderdale, FL
Penalty amount:: $7,500.00
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: From July 2004
Program:: Cuban Assets Control Regulations
Enforcement date:: February 22, 2008

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

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