International Bank of Commerce OFAC Settlement: $24.5K

Last updated: July 20, 2026

International Bank of Commerce settled a civil penalty of $24,512.79 for the operation of unblocked Cuban accounts between 1999 and 2001, in violation of the Cuban Assets Control Regulations.

Penalty Amount

$24,512.79

Enforcement Date

July 2, 2004

Rank in Top Penalties

#386

Case Details

Type:: Entity
Name:: International Bank of Commerce
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Laredo, TX
Penalty amount:: $24,512.79
Egregious case:: Unknown
Voluntary self disclosure:: Unknown
Case:: Settled
Violation period:: 1999 to 2001
Program:: Cuba
Enforcement date:: July 2, 2004

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

SHA-256: 396b26c37e4831660de4838127b2cbdca3d72a29a9838bd7ec5946d3f2fed031