Gold & Silver Reserve, Inc. — $2,950,000 OFAC penalty
OFAC published a $2,950,000 civil penalty against Gold & Silver Reserve, Inc. on 10/01/2009. It is the #68 largest action in OFAC’s 1,052-entry enforcement chart and #5 of the 27 actions published that year.
The record
| Entity, as published by OFAC | Gold & Silver Reserve, Inc. |
|---|---|
| Penalty / settlement amount | $2,950,000 |
| Date published by OFAC | 10/01/2009 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #68 of 1,052 |
| Rank within 2009 | #5 of 27 |
| Share of 2009 penalty total | 0.4% |
Primary source
OFAC enforcement release: 10012009.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2009 actions
- Stena Bulk LLC — $426,486
- Oxbow Carbon and Minerals LLC — $276,250
- Australia and New Zealand Bank Group, Ltd. — $5,750,000
- Philips Electronics of North America Corporation — $128,750
- Varel Holdings, Inc. — $110,000
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