CSE Global Limited and CSE TransTel Pte. Ltd. — $12,027,066 OFAC penalty
OFAC published a $12,027,066 civil penalty against CSE Global Limited and CSE TransTel Pte. Ltd. on 07/27/2017. It is the #30 largest action in OFAC’s 1,052-entry enforcement chart and #2 of the 16 actions published that year.
What OFAC said
Ltd. ("TransTel"), a wholly- owned subsidiary of the international technology group CSE Global Limited ("CSE Global"), both of which are located in Singapore, has agreed to pay $12,027,066 to settle its potential civil liability for 104 apparent violations of the International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions Regulations, 31 C.F.R.
Quoted verbatim from OFAC’s enforcement release — read the original.
The record
| Entity, as published by OFAC | CSE Global Limited and CSE TransTel Pte. Ltd. |
|---|---|
| Penalty / settlement amount | $12,027,066 |
| Date published by OFAC | 07/27/2017 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #30 of 1,052 |
| Rank within 2017 | #2 of 16 |
| Share of 2017 penalty total | 10.1% |
| Apparent violations cited | 104 |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Iran |
Primary source
OFAC enforcement release: 20170727_transtel.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2017 actions
- ExxonMobil Corporation — $2,000,000
- Dentsply Sirona Inc. — $1,220,400
- American Export Lines — $518,063
- Toronto-Dominion Bank — $516,105
- United Medical Instruments Inc. — $515,400
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.