Merrill Lynch OFAC Settlement: $22.9K (2004)

Last updated: July 20, 2026

Merrill Lynch, Pierce, Fenner & Smith, Inc. settled a civil penalty of $22,904.00 for violations of the Cuban Assets Control Regulations. The violations involved the operation of an unblocked Cuban account from 2001 to 2002 and a funds transfer in 2002.

Penalty Amount

$22,904.00

Enforcement Date

July 2, 2004

Rank in Top Penalties

#393

Case Details

Type:: Entity
Name:: Merrill Lynch, Pierce, Fenner & Smith, Inc.
Country:: Uruguay
Industry:: Securities
Address:: Montevideo, Uruguay
Penalty amount:: $22,904.00
Egregious case:: Unknown
Voluntary self disclosure:: Unknown
Case:: Settled
Violation period:: 2001 to 2002
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

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