Kinecta Federal Credit Union OFAC Settlement: $3.1K

Last updated: July 20, 2026

Kinecta Federal Credit Union settled allegations of violations of the Cuban Assets Control Regulations, remitting $3,102 to resolve the matter. OFAC alleged that Kinecta acted without an OFAC license or outside the scope of its license by initiating a funds transfer destined for a Cuban national on November 18, 2003. Kinecta did not voluntarily disclose this matter to OFAC.

Penalty Amount

$3,102.00

Enforcement Date

April 4, 2007

Rank in Top Penalties

#778

Case Details

Type:: Entity
Name:: Kinecta Federal Credit Union
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Manhattan Beach, CA
Penalty amount:: $3,102.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settlement
Violation period:: From November 18, 2003
Program:: Cuban Assets Control Regulations
Enforcement date:: April 4, 2007

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: dc37e3bcbadd69f2cf03b4696e531e021919d2b6062d1fc5af9ace1619d8e470