BIOMIN America, Inc. — $257,862 OFAC penalty
OFAC published a $257,862 civil penalty against BIOMIN America, Inc. on 05/06/2020. It is the #170 largest action in OFAC’s 1,052-entry enforcement chart and #11 of the 15 actions published that year.
The record
| Entity, as published by OFAC | BIOMIN America, Inc. |
|---|---|
| Penalty / settlement amount | $257,862 |
| Date published by OFAC | 05/06/2020 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #170 of 1,052 |
| Rank within 2020 | #11 of 15 |
| Share of 2020 penalty total | 1.1% |
| Statutory maximum penalty | $2,149,230 |
| Base penalty | $973,691 |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Non-egregious |
| Sanctions programs named in the release | Cuba |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $2,149,230. The settled amount of $257,862 is 12.0% 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: 20200506_biomin.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2020 actions
- Amazon.com, Inc. — $134,523
- BitGo, Inc. — $98,830
- Keysight Technologies Inc. — $473,157
- Park Strategies, LLC — $12,150
- An Individual — $5,000
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