The Chinese American Bank

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
In July 2000, the Chinese American Bank’s exported services to and facilitated a foreign party’s transactions with Iran. The Chinese American Bank initiated an unauthorized funds transfer on behalf of a corporate offshore customer destined for an account at Bank Melli Iran – Dubai Branch, a bank owned and controlled by the government of Iran.
Fine:
Total Fine
$7,370.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$7,370.00
Source:
Treasury, “Enforcement Information For February 3, 2006.”
Back to Iran Violation and Penalties Tracker