IEPS Electronic, Inc. by Smart Power Systems, Inc. — $100,000 OFAC penalty
OFAC published a $100,000 civil penalty against IEPS Electronic, Inc. by Smart Power Systems, Inc. on 06/04/2004. It is the #231 largest action in OFAC’s 1,052-entry enforcement chart and #5 of the 239 actions published that year.
The record
| Entity, as published by OFAC | IEPS Electronic, Inc. by Smart Power Systems, Inc. |
|---|---|
| Penalty / settlement amount | $100,000 |
| Date published by OFAC | 06/04/2004 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #231 of 1,052 |
| Rank within 2004 | #5 of 239 |
| Share of 2004 penalty total | 3.0% |
Primary source
OFAC enforcement release: 06042004.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2004 actions
- International Music Network — $92,093.75
- Church Pension Fund — $74,294.01
- Atlas Tube, Inc. — $126,500
- JP Morgan Chase & Co. — $73,281.25
- Irridelco International Corp. — $68,750
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