Standard Chartered Bank — $657,040,033 OFAC penalty
OFAC published a $657,040,033 civil penalty against Standard Chartered Bank on 04/09/2019. It is the #3 largest action in OFAC’s 1,052-entry enforcement chart and #1 of the 22 actions published that year.
The record
| Entity, as published by OFAC | Standard Chartered Bank |
|---|---|
| Penalty / settlement amount | $657,040,033 |
| Date published by OFAC | 04/09/2019 |
| Aggregate penalties, settlements or findings | 2 |
| Rank among all published OFAC actions | #3 of 1,052 |
| Rank within 2019 | #1 of 22 |
| Share of 2019 penalty total | 51.0% |
| Base penalty | $2,715,100,479 |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Non-egregious |
| Sanctions programs named in the release | Iran, Cuba, Syria, Sudan, Zimbabwe |
Primary source
OFAC enforcement release: 20190408_scb_webpost.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Other published actions involving this name
- Standard Chartered Bank — $132,000,000 on 12/10/2012
Matched on the entity name OFAC published. Similar names do not always mean the same legal entity — check each release.
Comparable 2019 actions
- UniCredit Bank — $611,023,421
- AppliChem — $5,512,564
- British Arab Commercial Bank plc — $4,000,000
- The General Electric Company — $2,718,581
- Stanley Black and Decker — $1,869,144
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