IEPS Electronic OFAC Enforcement: $100K (2004)

Last updated: July 20, 2026

IEPS Electronic, Inc. by Smart Power Systems, Inc. was subject to a civil penalty of $100,000.00 under the Iranian Transactions Regulations for conduct between 1995 and 1997 involving the provision of brokerage services to Iran and the importation of financial services into the United States.

Penalty Amount

$100,000.00

Enforcement Date

June 4, 2004

Rank in Top Penalties

#239

Case Details

Type:: Entity
Name:: IEPS Electronic, Inc. by Smart Power Systems, Inc.
Country:: 🇺🇸 United States
Industry:: Hardware & Electronics
Address:: Houston, TX 77082
Penalty amount:: $100,000.00
Egregious case:: Unknown
Voluntary self disclosure:: Unknown
Violation period:: 1995 to 1997
Program:: Iran
Enforcement date:: June 4, 2004

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

SHA-256: 1ed29d328c6840ea91665f05adc2160776cc83d1308e0593dd213a83cff7915c