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Company Fined for Providing Services to Sanctioned Drug Trafficker

Friday, April 17, 2015
Sandler, Travis & Rosenberg Trade Report

The Treasury Department’s Office of Foreign Assets Control announced April 15 that a Georgia company has agreed to pay $23,336 to settle potential civil liability for allegedly providing third-party data processing services to a specially designated narcotics trafficker.

The total transaction value for the alleged violations was $69,144 and the base penalty amount was $34,572. Aggravating factors include that the company failed to exercise a minimal degree of caution or care in reviewing the information flagged by its interdiction software and had reason to know it was providing services to a blocked person. Mitigating factors include that the company had no prior sanctions history in the previous five years and that the alleged violations occurred due to deficiencies in the company’s OFAC compliance program. In addition, the company voluntarily self-disclosed the alleged violations and took remedial action to correct the deficiencies.

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