Murad, LLC, and an Individual — $3,509,286 OFAC penalty
OFAC published a $3,509,286 civil penalty against Murad, LLC, and an Individual on 05/17/2023. It is the #63 largest action in OFAC’s 1,052-entry enforcement chart and #7 of the 16 actions published that year.
The record
| Entity, as published by OFAC | Murad, LLC, and an Individual |
|---|---|
| Penalty / settlement amount | $3,509,286 |
| Date published by OFAC | 05/17/2023 |
| Aggregate penalties, settlements or findings | 2 |
| Rank among all published OFAC actions | #63 of 1,052 |
| Rank within 2023 | #7 of 16 |
| Share of 2023 penalty total | 0.2% |
| Statutory maximum penalty | $22,228,575 |
| Base penalty | $11,114,287 |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Egregious |
| Conduct period cited | June 2016 - September 2017 |
| Sanctions programs named in the release | Iran |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $22,228,575. The settled amount of $3,509,286 is 15.8% 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: 20230517_murad.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2023 actions
- Swedbank AS (Latvia) — $3,430,900
- Microsoft Corporation — $2,980,265.86
- Nasdaq, Inc. — $4,040,923
- CoinList Markets LLC — $1,207,830
- Construction Specialties Inc. — $660,954
Screen against the live SDN list before you transact
Every action on this page began with a payment or transfer that was not screened. SanctionsAI is a free OFAC screening API for names and crypto wallets — read the API docs or check a wallet in the browser.