Mondo TV, S.p.a. — $538,000 OFAC penalty
OFAC published a $538,000 civil penalty against Mondo TV, S.p.a. on 06/26/2024. It is the #128 largest action in OFAC’s 1,052-entry enforcement chart and #7 of the 12 actions published that year.
The record
| Entity, as published by OFAC | Mondo TV, S.p.a. |
|---|---|
| Penalty / settlement amount | $538,000 |
| Date published by OFAC | 06/26/2024 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #128 of 1,052 |
| Rank within 2024 | #7 of 12 |
| Share of 2024 penalty total | 1.1% |
| Statutory maximum penalty | $6,626,448 |
| Base penalty | $725,000 |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Non-egregious |
| Conduct period cited | May 2019 - November 2021 |
| Sanctions programs named in the release | North Korea |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $6,626,448. The settled amount of $538,000 is 8.1% 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: 20240626_mondo_tv.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2024 actions
- C.H. Robinson International, Inc. — $257,690
- Vietnam Beverage Company Limited — $860,000
- American Life Insurance Company — $178,421
- An Individual — $45,179
- Córdoba Music Group — $41,591
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