La Salle Bank Midwest OFAC Settlement: $5.5K (2008)

Last updated: July 20, 2026

La Salle Bank Midwest, N.A. on the behalf of Standard Federal Bank settled alleged violations of the Iranian Transactions Regulations, remitting $5,500 to resolve allegations that it acted without an OFAC license or outside the scope of its license by initiating a funds transfers destined for a bank owned or controlled by the Government of Iran. The violations occurred on February 22, 2002, and Standard Federal Bank did not voluntarily disclose this matter to OFAC.

Penalty Amount

$5,500.00

Enforcement Date

February 22, 2008

Rank in Top Penalties

#680

Case Details

Type:: Entity
Name:: La Salle Bank Midwest, N.A. on the behalf of Standard Federal Bank
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Chicago, IL
Penalty amount:: $5,500.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settlement
Violation period:: From February 22, 2002
Program:: Iranian Transactions Regulations
Enforcement date:: February 22, 2008

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

SHA-256: 21f18f5b5be6e4a52aaed772cbb3f7cc063375490bb3f7a4eeee8fa9b4c8effa