A Connecticut-based brokerage and investment firm will pay $11.8 million for providing services to individuals under U.S. sanctions, as well as people located in countries sanctioned by the U.S..
Interactive Brokers agreed to settle with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday, after self-reporting violations that included the provision of services to sanctioned entities in Iran, Cuba, Syria, the Crimea region of Ukraine, the Chinese military, Venezuela, and Russia.
