Natural Person OFAC Settlement: $112.5K (2011)

OFAC alleged the individual facilitated a trade-related transaction involving supplying jute bags to buyers in Sudan without an OFAC license, occurring on or about October 10, 2005, in apparent violation of the Sudanese Sanctions Regulations, 31 C.F.R. part 538.

OFAC determined that the individual did not voluntarily disclose this matter to OFAC and that the apparent violation constituted a non-egregious case. The base penalty amount for the violation was $250,000. The settlement amount of $112,500 reflects OFAC's consideration of the following general factors: the individual had no history of sanctions violations and the individual cooperated with OFAC's investigation of this matter, including by agreeing to toll the statute of limitations.

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