Stanley Black and Decker — $1,869,144 OFAC penalty
OFAC published a $1,869,144 civil penalty against Stanley Black and Decker on 03/27/2019. It is the #80 largest action in OFAC’s 1,052-entry enforcement chart and #6 of the 22 actions published that year.
The record
| Entity, as published by OFAC | Stanley Black and Decker |
|---|---|
| Penalty / settlement amount | $1,869,144 |
| Date published by OFAC | 03/27/2019 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #80 of 1,052 |
| Rank within 2019 | #6 of 22 |
| Share of 2019 penalty total | 0.1% |
| Apparent violations cited | 23 |
| Statutory maximum penalty | $6,922,757 |
| Base penalty | $3,461,378 |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Iran |
Settlement against statutory maximum
OFAC put the statutory maximum civil monetary penalty for this case at $6,922,757. The settled amount of $1,869,144 is 27.0% 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: 20190327_decker.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2019 actions
- PACCAR Inc. — $1,709,325
- The General Electric Company — $2,718,581
- e.l.f. Cosmetics — $996,080
- MID-SHIP Group — $871,837
- ZAG IP — $506,250
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