EFEX Trade, LLC OFAC Settlement: $2K (2009)

Last updated: July 20, 2026

EFEX Trade, LLC settled allegations of a violation of the Cuban Assets Control Regulations occurring in February 2006. The alleged violation relates to unlicensed remittance forwarding services in which Cuba or a Cuban national had an interest. EFEX Trade did not voluntarily disclose this matter to OFAC. The case was settled for $2,000.00.

Penalty Amount

$2,000.00

Enforcement Date

April 30, 2009

Rank in Top Penalties

#873

Case Details

Type:: Entity
Name:: EFEX Trade, LLC
Country:: 🇺🇸 United States
Industry:: Payments
Address:: West Palm Beach, FL
Penalty amount:: $2,000.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settlement
Violation period:: From February 2006
Program:: Cuban Assets Control Regulations
Enforcement date:: April 30, 2009

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

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