Banco Popular de Puerto Rico — $255,937.86 OFAC penalty
OFAC published a $255,937.86 civil penalty against Banco Popular de Puerto Rico on 05/27/2022. It is the #172 largest action in OFAC’s 1,052-entry enforcement chart and #9 of the 14 actions published that year.
The record
| Entity, as published by OFAC | Banco Popular de Puerto Rico |
|---|---|
| Penalty / settlement amount | $255,937.86 |
| Date published by OFAC | 05/27/2022 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #172 of 1,052 |
| Rank within 2022 | #9 of 14 |
| Share of 2022 penalty total | 0.6% |
| Statutory maximum penalty | $105,295,110.80 |
| Base penalty | $426,563 |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Non-egregious |
| Sanctions programs named in the release | Venezuela |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $105,295,110.80. The settled amount of $255,937.86 is 0.2% of that maximum, which OFAC's Enforcement Guidelines tie to factors including voluntary self-disclosure and whether the conduct was egregious.
Primary source
OFAC enforcement release: 20220527_bppr.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2022 actions
- Payward, Inc. (“Kraken”) — $362,158.70
- Newmont Corporation — $141,442
- Tango Card, Inc. — $116,048.60
- CFM Indosuez Wealth — $401,039
- Airbnb Payments, Inc. — $91,172.29
Screen against the live SDN list before you transact
Every action on this page began with a payment or transfer that was not screened. SanctionsAI is a free OFAC screening API for names and crypto wallets — read the API docs or check a wallet in the browser.