Generali Global Assistance, Inc. — $5,864,860 OFAC penalty
OFAC published a $5,864,860 civil penalty against Generali Global Assistance, Inc. on 10/01/2020. It is the #48 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 | Generali Global Assistance, Inc. |
|---|---|
| Penalty / settlement amount | $5,864,860 |
| Date published by OFAC | 10/01/2020 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #48 of 1,052 |
| Rank within 2020 | #2 of 15 |
| Share of 2020 penalty total | 24.9% |
| Apparent violations cited | 2,593 |
| Statutory maximum penalty | $168,545,000 |
| Base penalty | $84,272,500 |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Cuba |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $168,545,000. The settled amount of $5,864,860 is 3.5% 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: gga_web_posting_10012020.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2020 actions
- Berkshire Hathaway, Inc. — $4,144,651
- Société Internationale de Télécommunications Aéronautiques SCRL — $7,829,640
- Eagle Shipping International (USA) LLC — $1,125,000
- Comtech Telecommunications Corp. — $894,111
- Whitford Worldwide Company, LLC — $824,314
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.