The Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday announced a $5,000 settlement with a U.S. person for apparent sanctions violations—a reminder the regulator can pursue enforcement against individuals in addition to companies.
The enforcement against an individual is the first announced by OFAC in its online resource center since June 13, 2019. Prior to that, OFAC hadn’t announced a settlement with an individual for apparent sanction violations since January 2017.
