Downey Savings and Loan OFAC Settlement: $44.9K (2006)

Last updated: July 20, 2026

Downey Savings and Loan remitted $44,898.65 to settle allegations of violations of the Iran program occurring between 1996 and 2000. OFAC alleged that Downey operated 23 accounts for 20 account holders who informed Downey of their permanent residence in Iran. Downey voluntarily disclosed this matter to OFAC and reported corrective measures and improvements to its OFAC compliance program.

Penalty Amount

$44,898.65

Enforcement Date

June 7, 2006

Rank in Top Penalties

#304

Case Details

Type:: Entity
Name:: Downey Savings and Loan
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Newport Beach, CA 92658
Penalty amount:: $44,898.65
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: 1996 to 2000
Program:: Iran program
Enforcement date:: June 7, 2006

Official Source Documents

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Archived on June 13, 2026

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