State Street Bank and Trust Co.

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Outcome/Sentencing:
Finding of Violation
Description:
Between January 1, 2012 and September 1, 2015, SSBT acted as trustee for a customer’s employee retirement plan. In this capacity, SSBT processed at least 45 pension payments totaling $11,365.44 to a plan participant who was a U.S. citizen with a U.S. bank account, but who was resident in Iran.
Fine:
Total Fine
$ 0.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$ 0.00
Source:
Treasury, “Enforcement Information for May 28, 2019.”
Back to Iran Violation and Penalties Tracker