Citigroup, N.A. OFAC Settlement: $16.2K (2008)

Last updated: July 20, 2026

Citigroup, N.A. settled allegations of violations of the Cuban Assets Control Regulations by remitting $16,250 to OFAC. OFAC alleged that Citigroup acted without an OFAC license or outside the scope of its license by creating a banker's acceptance for goods shipped by a Cuban carrier, with the violations occurring in October 2004. Citigroup voluntarily disclosed this matter to OFAC.

Penalty Amount

$16,250.00

Enforcement Date

March 14, 2008

Rank in Top Penalties

#457

Case Details

Type:: Entity
Name:: Citigroup, N.A.
Country:: 🇺🇸 United States
Industry:: Banking
Address:: New York, NY
Penalty amount:: $16,250.00
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: From October 2004
Program:: Cuban Assets Control Regulations
Enforcement date:: March 14, 2008

Official Source Documents

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Archived on June 13, 2026

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