Standard Chartered Bank — $132,000,000 OFAC penalty
OFAC published a $132,000,000 civil penalty against Standard Chartered Bank on 12/10/2012. It is the #16 largest action in OFAC’s 1,052-entry enforcement chart and #3 of the 16 actions published that year.
The record
| Entity, as published by OFAC | Standard Chartered Bank |
|---|---|
| Penalty / settlement amount | $132,000,000 |
| Date published by OFAC | 12/10/2012 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #16 of 1,052 |
| Rank within 2012 | #3 of 16 |
| Share of 2012 penalty total | 11.6% |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Iran, Sudan, Burma/Myanmar, Libya |
Primary source
OFAC enforcement release: 12102012_scb.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Other published actions involving this name
- Standard Chartered Bank — $657,040,033 on 04/09/2019
Matched on the entity name OFAC published. Similar names do not always mean the same legal entity — check each release.
Comparable 2012 actions
- Bank of Tokyo-Mitsubishi UFJ, Ltd. — $8,571,634
- Great Western Malting Co. — $1,347,750
- Online Micro, LLC — $1,054,388
- National Bank of Abu Dhabi — $855,000
- Essie Cosmetics Ltd. and Individual Corporate Officer — $450,000
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