Guidant Corporation OFAC Settlement: $277K (2007)

Last updated: July 20, 2026

Guidant Corporation settled allegations of violations of the Iranian Transactions Regulations and Iraqi Sanctions Regulations, remitting $277,017.00 to OFAC. The conduct involved Guidant's vascular intervention and cardiac surgery business units and occurred between July 2000 and July 2004. Guidant voluntarily disclosed this matter to OFAC.

Penalty Amount

$277,017.00

Enforcement Date

March 9, 2007

Rank in Top Penalties

#170

Case Details

Type:: Entity
Name:: Guidant Corporation
Country:: 🇺🇸 United States
Industry:: Healthcare
Address:: Indianapolis, Indiana
Penalty amount:: $277,017.00
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: July 2000 to July 2004
Program:: Iranian Transactions RegulationsIraqi Sanctions Regulations
Enforcement date:: March 9, 2007

Nature of the Apparent Violations

OFAC alleged that Guidant acted without an OFAC license or outside the scope of its license by exporting goods for the ultimate resale to Iran and Iraq. The conduct involved Guidant's vascular intervention and cardiac surgery business units and occurred between July 2000 and July 2004. Guidant also provided training.

Official Source Documents

This page summarizes an OFAC enforcement case based on the document archived below. SanctionsLookup assumes no liability for errors, omissions, or inaccuracies in the original documents, this summary, or any changes made to the source documents at any time.

Provided for informational purposes only and does not constitute legal or compliance advice. Always consult the source document directly rather than relying on this summary.

View archived version View on ofac.treasury.gov

Archived on June 13, 2026

SHA-256: 31a77c74fd77e2f927f0b4ea7142767ef386fa642bb8770f76cbb2ca0745ed71