Zoltek Companies, Inc. — $7,772,102 OFAC penalty
OFAC published a $7,772,102 civil penalty against Zoltek Companies, Inc. on 12/20/2018. It is the #39 largest action in OFAC’s 1,052-entry enforcement chart and #2 of the 7 actions published that year.
What OFAC said
Zoltek Companies, Inc. ("Zoltek") - a holding company headquartered in Bridgeton, Missouri, and the owner of Zoltek Corporation ("Zoltek U.S."), located in the United States, and Zoltek Vegyipari ZRT ("Zoltek ZRT"), located in Hungary - has agreed to pay $7,772,102 to settle its potential civil liability for 26 apparent violations of the Belarus Sanctions Regulations, 31 C.F.R.
Quoted verbatim from OFAC’s enforcement release — read the original.
The record
| Entity, as published by OFAC | Zoltek Companies, Inc. |
|---|---|
| Penalty / settlement amount | $7,772,102 |
| Date published by OFAC | 12/20/2018 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #39 of 1,052 |
| Rank within 2018 | #2 of 7 |
| Share of 2018 penalty total | 10.9% |
| Apparent violations cited | 26 |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Non-egregious |
| Sanctions programs named in the release | Belarus |
Primary source
OFAC enforcement release: 20181220_zoltek.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2018 actions
- JPMorgan Chase Bank, N.A. — $5,263,171
- Yantai Jereh Oilfield Services Group Co., Ltd. — $2,774,972
- Epsilon Electronics, Inc. — $1,500,000
- Ericsson, Inc. and Ericsson AB — $145,893
- Cobham Holdings, Inc. — $87,507
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