Societe Generale SA

HQ Country of Company:
France
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
OFAC alleged that SGNY, as the issuing bank of two letters of credit between two non-sanctioned parties, processed two payments under those letters of credit involving the shipment of cargo transported aboard vessels owned and/or managed by the Islamic Republic of Iran Shipping Lines of Tehran, Iran, an Iranian entity.
Fine:
Total Fine
$111,359.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$111,359.00
Source:
Treasury, “Enforcement Information For November 19, 2018.”
Back to Iran Violation and Penalties Tracker