KMT Group AB — $125,000 OFAC penalty
OFAC published a $125,000 civil penalty against KMT Group AB on 10/25/2013. It is the #219 largest action in OFAC’s 1,052-entry enforcement chart and #13 of the 27 actions published that year.
What OFAC said
KMT Group AB ("KMT Group"), of Stockholm, Sweden, has agreed to pay $125,000 on behalf of its subsidiaries, KMT Aqua-Dyne, Inc.
Quoted verbatim from OFAC’s enforcement release — read the original.
The record
| Entity, as published by OFAC | KMT Group AB |
|---|---|
| Penalty / settlement amount | $125,000 |
| Date published by OFAC | 10/25/2013 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #219 of 1,052 |
| Rank within 2013 | #13 of 27 |
| Share of 2013 penalty total | 0.1% |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Iran |
Primary source
OFAC enforcement release: 20131025_kmt.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2013 actions
- EGL, Inc. — $139,650
- Offshore Marine Laboratories — $97,695
- Stanley Drilling Equipment & Supply, Inc. — $84,240
- Ellman International, Inc. — $191,700
- ATP Tour, Inc. — $48,600
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