Essentra FZE Company Limited — $665,112 OFAC penalty
OFAC published a $665,112 civil penalty against Essentra FZE Company Limited on 07/16/2020. It is the #120 largest action in OFAC’s 1,052-entry enforcement chart and #7 of the 15 actions published that year.
What OFAC said
Company Limited with Respect to Potential Civil Liability for Apparent Violations of the North Korea Sanctions Regulations Essentra FZE Company Limited ("Essentra FZE"), a cigarette filter and tear tape manufacturer located in the United Arab Emirates (UAE), has agreed to pay $665,112 to settle its potential civil liablity for apparent violations of the North Korea Sanctions Regulations, 31 C.F.R.
Quoted verbatim from OFAC’s enforcement release — read the original.
The record
| Entity, as published by OFAC | Essentra FZE Company Limited |
|---|---|
| Penalty / settlement amount | $665,112 |
| Date published by OFAC | 07/16/2020 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #120 of 1,052 |
| Rank within 2020 | #7 of 15 |
| Share of 2020 penalty total | 2.8% |
| Statutory maximum penalty | $923,766 |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Egregious |
| Conduct period cited | September 2018 - December 2018 |
| Sanctions programs named in the release | North Korea |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $923,766. The settled amount of $665,112 is 72.0% 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: 20200716_essentra_fze.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2020 actions
- National Commercial Bank — $653,347
- Deutsche Bank Trust Company Americas — $583,100
- Whitford Worldwide Company, LLC — $824,314
- Keysight Technologies Inc. — $473,157
- Comtech Telecommunications Corp. — $894,111
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