The Chinese American Bank OFAC Civil Penalty: $7.4K

Last updated: July 20, 2026

The Chinese American Bank remitted a $7,370 civil monetary penalty for its violation of the Iran program. OFAC imposed the penalty for the bank's exportation of services to and facilitation of a foreign party's transactions with Iran, arising from conduct in July 2000. The Chinese American Bank did not voluntarily disclose this matter to OFAC.

Penalty Amount

$7,370.00

Enforcement Date

February 3, 2006

Rank in Top Penalties

#595

Case Details

Type:: Entity
Name:: The Chinese American Bank
Country:: 🇺🇸 United States
Industry:: Banking
Address:: New York, NY 10002
Penalty amount:: $7,370.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Assessed
Violation period:: From July 2000
Program:: Iran
Enforcement date:: February 3, 2006

Nature of the Apparent Violations

The Chinese American Bank violated the Iran program in July 2000 by exporting services to, and facilitating a foreign party's transactions with, Iran. The bank initiated an unauthorized funds transfer on behalf of a corporate offshore customer destined for an account at Bank Melli Iran – Dubai Branch, a bank owned and controlled by the government of Iran.

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

SHA-256: 43e4e594edd2acbb8078a845c748555d031458c0aac5a279dc1f65de1401e3e7