Commerzbank AG — $258,660,796 OFAC penalty
OFAC published a $258,660,796 civil penalty against Commerzbank AG on 03/12/2015. It is the #11 largest action in OFAC’s 1,052-entry enforcement chart and #2 of the 15 actions published that year.
The record
| Entity, as published by OFAC | Commerzbank AG |
|---|---|
| Penalty / settlement amount | $258,660,796 |
| Date published by OFAC | 03/12/2015 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #11 of 1,052 |
| Rank within 2015 | #2 of 15 |
| Share of 2015 penalty total | 43.1% |
| Apparent violations cited | 1,596 |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Iran, Cuba, Sudan, Burma/Myanmar, Weapons Proliferation |
Primary source
OFAC enforcement release: 20150312_commerzbank.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Other published actions involving this name
- Commerzbank AG — $5,500 on 02/06/2004
Matched on the entity name OFAC published. Similar names do not always mean the same legal entity — check each release.
Comparable 2015 actions
- Crédit Agricole Corporate and Investment Bank — $329,593,585
- PayPal, Inc. — $7,658,300
- UBS AG — $1,700,100
- Life For Relief and Development — $780,000
- John Bean Technologies Corporation — $391,950
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