Zulutrade, Inc.

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
Over a number of years beginning in 2009, Zulutrade maintained accounts for over 400 persons in Iran, Sudan, and Syria, and exported services to these customers by placing FX trades via its platform. Zulutrade also originated eight funds transfers totaling $10,264.36 destined for two individuals located in Iran.
Fine:
Total Fine
$200,000.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$200,000.00
Source:
Treasury, “Enforcement Information for September 9, 2014.”
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