OFAC Civil Penalties & Enforcement

TradeStation Securities Pays $1.1M OFAC Settlement for Sanctions Violations

TradeStation Securities, Inc. agreed to pay $1,110,661 to settle 481 apparent violations of multiple sanctions programs related to Iran, Syria, and Crimea region of Ukraine. The violations occurred during securities transactions between June 2021 and June 2022 due to failures in geo-blocking controls. The settlement reflects non-egregious violations that were voluntarily self-disclosed and significant remedial measures implemented.

U.S. Person Settles Syria Sanctions for $3,777,000

OFAC announced a $3,777,000 settlement with a U.S. person for 20 apparent violations of Syrian Sanctions Regulations between January 2018 and December 2021. The individual provided managerial services to Syrian real estate companies as an executive and board member, including reviewing financial statements, approving expenses, and supervising fee collection. The settlement reflects OFAC's determination that the violations were egregious and not voluntarily self-disclosed.

IMG Academy Settles OFAC Counternarcotics Sanctions Violations for $1.72M

IMG Academy, LLC agreed to pay $1,720,000 to settle potential civil liability for apparent violations of OFAC counternarcotics sanctions. Between 2018 and 2022, IMG Academy entered into annual tuition enrollment agreements with two Specially Designated Nationals sanctioned under the Foreign Narcotics Kingpin Designation Act for ties to a Mexican drug cartel and processed tuition payments for their children. The settlement reflects OFAC's determination that violations were non-egregious, absence of voluntary self-disclosure, but substantial cooperation and remedial measures.

Additional Select Settlement Agreements Index 2009-2025

OFAC published an index of select settlement agreements spanning 2009-2025, listing 20+ enforcement settlements including those with Binance Holdings, Wells Fargo Bank, State Street Bank and Trust, 3M Company, British American Tobacco, Berkshire Hathaway, and Haas Automation for apparent sanctions violations.

14 OFAC Penalties Totaling $265.7M in 2025

OFAC published 2025 year-end enforcement summary documenting 14 civil penalties and settlements totaling $265,725,344 against entities including Exodus Movement, Inc. ($3.1M), Gracetown, Inc. ($7.1M), IPI Partners, LLC ($11.5M), ShapeShift AG ($750K), and Fracht FWO Inc. ($1.6M). The enforcement actions target sanctions violations across cryptocurrency, trading, and logistics sectors.