Godfrey Phillips India Limited — $332,500 OFAC penalty
OFAC published a $332,500 civil penalty against Godfrey Phillips India Limited on 03/01/2023. It is the #162 largest action in OFAC’s 1,052-entry enforcement chart and #13 of the 16 actions published that year.
The record
| Entity, as published by OFAC | Godfrey Phillips India Limited |
|---|---|
| Penalty / settlement amount | $332,500 |
| Date published by OFAC | 03/01/2023 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #162 of 1,052 |
| Rank within 2023 | #13 of 16 |
| Share of 2023 penalty total | 0.0% |
| Statutory maximum penalty | $1,782,895 |
| Base penalty | $475,000 |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Non-egregious |
| Sanctions programs named in the release | North Korea |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $1,782,895. The settled amount of $332,500 is 18.6% 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: 20230301_gpi.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2023 actions
- DaVinci Payments — $206,213
- Privilege Underwriters Reciprocal Exchange — $466,200
- Uphold HQ Inc. — $72,230.32
- Emigrant Bank — $31,867.90
- Construction Specialties Inc. — $660,954
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