Wachovia Bank OFAC Settlement: $11K (2007)

Last updated: July 20, 2026

Wachovia Bank settled an alleged violation of the Global Terrorism Sanctions Regulations, remitting $11,000 to OFAC. OFAC alleged that Wachovia acted without an OFAC license or outside the scope of its license by rejecting instead of blocking a payment destined for a "Specifically Designated Global Terrorist," an incident that occurred on or about October 29, 2004. Wachovia voluntarily disclosed this matter to OFAC.

Penalty Amount

$11,000.00

Enforcement Date

November 2, 2007

Rank in Top Penalties

#523

Case Details

Type:: Entity
Name:: Wachovia Bank
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Philadelphia, PA
Penalty amount:: $11,000.00
Egregious case:: Unknown
Apparent violations:: 1
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: From October 29, 2004
Program:: Global Terrorism Sanctions Regulations
Enforcement date:: November 2, 2007

Official Source Documents

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Archived on June 13, 2026

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