EFG International AG — $3,740,442 OFAC penalty
OFAC published a $3,740,442 civil penalty against EFG International AG on 03/14/2024. It is the #62 largest action in OFAC’s 1,052-entry enforcement chart and #4 of the 12 actions published that year.
The record
| Entity, as published by OFAC | EFG International AG |
|---|---|
| Penalty / settlement amount | $3,740,442 |
| Date published by OFAC | 03/14/2024 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #62 of 1,052 |
| Rank within 2024 | #4 of 12 |
| Share of 2024 penalty total | 7.7% |
| Statutory maximum penalty | $276,441,312.30 |
| Base penalty | $10,686,977 |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Non-egregious |
| Sanctions programs named in the release | Cuba, Russia, Narcotics |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $276,441,312.30. The settled amount of $3,740,442 is 1.4% 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: 20240314_efg_international.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2024 actions
- An Individual — $1,104,408
- Vietnam Beverage Company Limited — $860,000
- Mondo TV, S.p.a. — $538,000
- C.H. Robinson International, Inc. — $257,690
- American Life Insurance Company — $178,421
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