UniCredit Bank — $611,023,421 OFAC penalty
OFAC published a $611,023,421 civil penalty against UniCredit Bank on 04/15/2019. It is the #5 largest action in OFAC’s 1,052-entry enforcement chart and #2 of the 22 actions published that year.
The record
| Entity, as published by OFAC | UniCredit Bank |
|---|---|
| Penalty / settlement amount | $611,023,421 |
| Date published by OFAC | 04/15/2019 |
| Aggregate penalties, settlements or findings | 3 |
| Rank among all published OFAC actions | #5 of 1,052 |
| Rank within 2019 | #2 of 22 |
| Share of 2019 penalty total | 47.4% |
| Apparent violations cited | 2,158 |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Non-egregious |
| Sanctions programs named in the release | Iran, Cuba, Syria, Sudan, Terrorism, Weapons Proliferation |
Primary source
OFAC enforcement release: 20190415_uni_webpost.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2019 actions
- Standard Chartered Bank — $657,040,033
- 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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