Richemont North America, Inc., d.b.a. Cartier — $344,800 OFAC penalty
OFAC published a $344,800 civil penalty against Richemont North America, Inc., d.b.a. Cartier on 09/26/2017. It is the #161 largest action in OFAC’s 1,052-entry enforcement chart and #10 of the 16 actions published that year.
What OFAC said
Cartier ("Richemont"), Settles Potential Civil Liability for Apparent Violations of the Foreign Narcotics Kingpin Sanctions Regulations: Richemont, a luxury goods company headquartered in New York, New York, has agreed to pay $334,800 to settle its potential civil liability for four apparent violations of the Foreign Narcotics Kingpin Sanctions Regulations, 31 C.F.R.
Quoted verbatim from OFAC’s enforcement release — read the original.
The record
| Entity, as published by OFAC | Richemont North America, Inc., d.b.a. Cartier |
|---|---|
| Penalty / settlement amount | $344,800 |
| Date published by OFAC | 09/26/2017 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #161 of 1,052 |
| Rank within 2017 | #10 of 16 |
| Share of 2017 penalty total | 0.3% |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Non-egregious |
Primary source
OFAC enforcement release: 20170926_richemont.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2017 actions
- BD White Birch Investment LLC — $372,465
- COSL Singapore Ltd — $415,350
- IPSA International Services, Inc. — $259,200
- BCC Corporate SA — $204,277
- United Medical Instruments Inc. — $515,400
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