Keysight Technologies Inc. — $473,157 OFAC penalty
OFAC published a $473,157 civil penalty against Keysight Technologies Inc. on 09/24/2020. It is the #138 largest action in OFAC’s 1,052-entry enforcement chart and #10 of the 15 actions published that year.
The record
| Entity, as published by OFAC | Keysight Technologies Inc. |
|---|---|
| Penalty / settlement amount | $473,157 |
| Date published by OFAC | 09/24/2020 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #138 of 1,052 |
| Rank within 2020 | #10 of 15 |
| Share of 2020 penalty total | 2.0% |
| Statutory maximum penalty | $2,102,920 |
| Base penalty | $1,051,460 |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Iran |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $2,102,920. The settled amount of $473,157 is 22.5% 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: 20200924_keysight.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2020 actions
- Deutsche Bank Trust Company Americas — $583,100
- National Commercial Bank — $653,347
- Essentra FZE Company Limited — $665,112
- BIOMIN America, Inc. — $257,862
- Amazon.com, Inc. — $134,523
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