OFAC enforcement actions in 2023
OFAC published 16 civil penalties, settlements and findings of violation in 2023, totalling $1,541,380,594.08. The largest was Binance at $968,618,825 on 11/21/2023.
16actions in 2023
$1.54Btotal penalties
$968.62Mlargest action
$3.43Mmedian action
OFAC published 16 actions in 2023 totalling $1,541,380,594.08, against 14 actions totalling $42,664,006.65 in 2022 — a rise of 3513% in total penalties.
Every 2023 OFAC enforcement action
| Date | Entity | Violations | Penalty (USD) |
|---|---|---|---|
| 03/01/2023 | Godfrey Phillips India Limited ↗ | 1 | $332,500 |
| 03/30/2023 | Wells Fargo Bank, N.A. ↗ | 1 | $30,000,000 |
| 03/31/2023 | Uphold HQ Inc. ↗ | 1 | $72,230.32 |
| 04/06/2023 | Microsoft Corporation ↗ | 1 | $2,980,265.86 |
| 04/25/2023 | British American Tobacco p.l.c. ↗ | 1 | $508,612,492 |
| 05/01/2023 | Poloniex, LLC ↗ | 1 | $7,591,630 |
| 05/17/2023 | Murad, LLC, and an Individual ↗ | 2 | $3,509,286 |
| 06/20/2023 | Swedbank AS (Latvia) ↗ | 1 | $3,430,900 |
| 08/16/2023 | Construction Specialties Inc. ↗ | 1 | $660,954 |
| 09/21/2023 | 3M Company ↗ | 1 | $9,618,477 |
| 09/21/2023 | Emigrant Bank ↗ | 1 | $31,867.90 |
| 11/06/2023 | DaVinci Payments ↗ | 1 | $206,213 |
| 11/21/2023 | Binance ↗ | 1 | $968,618,825 |
| 12/08/2023 | Nasdaq, Inc. ↗ | 1 | $4,040,923 |
| 12/13/2023 | CoinList Markets LLC ↗ | 1 | $1,207,830 |
| 12/21/2023 | Privilege Underwriters Reciprocal Exchange ↗ | 1 | $466,200 |
“Violations” is OFAC’s aggregate count of penalties, settlements or findings of violation for that entry. ↗ opens OFAC’s enforcement release.
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