First Bank of Romania — $862,318 OFAC penalty
OFAC published a $862,318 civil penalty against First Bank of Romania on 08/27/2021. It is the #108 largest action in OFAC’s 1,052-entry enforcement chart and #8 of the 18 actions published that year.
The record
| Entity, as published by OFAC | First Bank of Romania |
|---|---|
| Penalty / settlement amount | $862,318 |
| Date published by OFAC | 08/27/2021 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #108 of 1,052 |
| Rank within 2021 | #8 of 18 |
| Share of 2021 penalty total | 4.1% |
| Statutory maximum penalty | $31,159,872 |
| Base penalty | $1,742,056 |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Non-egregious |
| Sanctions programs named in the release | Iran, Syria |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $31,159,872. The settled amount of $862,318 is 2.8% 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: 20210827_firstbank_flowers.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2021 actions
- Nordgas, S.r.l. — $950,000
- PT Bukit Muria Jaya — $1,016,000
- BitPay, Inc. — $507,375
- Alliance Steel, Inc. — $435,003
- Alfa Laval Middle East Ltd. — $415,695
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.