Colonial Navigation OFAC Settlement: $6K (2008)

Last updated: July 20, 2026

Colonial Navigation Co., Inc. settled allegations of violations of the Iranian Transactions Regulations, remitting $6,000.00 to resolve the matter. OFAC alleged that Colonial facilitated a transaction by a foreign person where the transaction by that foreign person would be prohibited if performed by a United States person by attempting to transfer funds to an Iranian port agent. The violations occurred during May 2003, and Colonial did not voluntarily disclose this matter to OFAC.

Penalty Amount

$6,000.00

Enforcement Date

January 11, 2008

Rank in Top Penalties

#628

Case Details

Type:: Entity
Name:: Colonial Navigation Co., Inc.
Country:: 🇺🇸 United States
Industry:: Shipping
Address:: New York, NY
Penalty amount:: $6,000.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settlement
Violation period:: From May 2003
Program:: Iranian Transactions Regulations
Enforcement date:: January 11, 2008

Official Source Documents

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Archived on June 13, 2026

SHA-256: dae41b9cfa592caeead1e63a1027a403b633c6c2319f5ac692727436495dedbd