Zhongxing Telecommunications Equipment Corporation — $100,871,266 OFAC penalty
OFAC published a $100,871,266 civil penalty against Zhongxing Telecommunications Equipment Corporation on 03/07/2017. It is the #17 largest action in OFAC’s 1,052-entry enforcement chart and #1 of the 16 actions published that year.
The record
| Entity, as published by OFAC | Zhongxing Telecommunications Equipment Corporation |
|---|---|
| Penalty / settlement amount | $100,871,266 |
| Date published by OFAC | 03/07/2017 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #17 of 1,052 |
| Rank within 2017 | #1 of 16 |
| Share of 2017 penalty total | 84.4% |
| Apparent violations cited | 251 |
| Voluntarily self-disclosed | No |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Iran |
Primary source
OFAC enforcement release: 20170307_zte.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2017 actions
- CSE Global Limited and CSE TransTel Pte. Ltd. — $12,027,066
- ExxonMobil Corporation — $2,000,000
- Dentsply Sirona Inc. — $1,220,400
- American Export Lines — $518,063
- Toronto-Dominion Bank — $516,105
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