Iran Violations and Penalties Tracker

UANI's Iran Corporate Penalties Tracker is the only database documenting corporate violations and penalties specifically relating to Iran. It covers more than 500 civil and criminal cases settled by the U.S. Department of Justice and federal agencies. The total monetary amount paid out in fines by companies for Iran violations exceeds $19 billion.

The Tracker highlights the importance for companies to continue to adopt the most rigorous standards of enhanced due diligence (EDD), know your customer (KYC) and know your customer's customer standards (KYCC).

Existing KYC standards are currently used to protect businesses from engaging directly with sanctioned individuals and entities. However, ties to Iranian sanctioned entities may still occur indirectly. In particular, customers' customers may be engaging in questionable or unlawful behaviour, including money laundering, terror financing and sanctions evasion. This leaves a dangerous sanctions gap that should be plugged so sanctions can have their full intended effect.

It also puts companies at significant risk of reputational damage and - as the Tracker indicates - liable for massive financial penalties and even prison time.

Type Sort descending Company/Individual Country Total Fine Amount Date of Charge
Financial Institution Toronto-Dominion Bank (“TD Bank”) Canada $516,105
Financial Institution Banco de Chile Chile $5,500
Financial Institution JP Morgan Chase Bank USA $88,300,000
Financial Institution ABN AMRO BANK (now known as Royal Bank of Scotland) Netherlands $20,000
Financial Institution Central Carolina Bank USA $3,750
Financial Institution Trans Pacific National Bank USA $12,500
Financial Institution Banco do Brasil S.A. Brazil $139,500
Financial Institution JP Morgan Chase Bank USA $5,263,171
Financial Institution Banco do Brasil S.A. Brazil $10,162
Financial Institution JP Morgan Chase Bank USA $18,094
Financial Institution Standard Chartered Bank United Kingdom $1,241,460,353
Financial Institution Chevy Chase Bank USA $3,352
Financial Institution HSBC Bank USA USA $5,500
Financial Institution Bank of America USA $158,038
Financial Institution Standard Chartered Bank United Kingdom $227,000,000
Financial Institution HSBC Equator (USA), Inc. USA $2,750
Financial Institution Bank of America USA $2,760
Financial Institution California Federal Bank USA $5,500
Financial Institution HSBC Holdings plc United Kingdom $1,256,000,000
Financial Institution Bank of Guam Guam $27,000
Financial Institution Key Bank National Association USA $200,000
Financial Institution Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) Japan $8,571,634
Financial Institution Citizens Security Bank & Trust USA $17,831
Financial Institution Turkiye Halk Bankasi A.S. (Halkbank) Turkey $ 0
Financial Institution Bank One USA $6,682
Financial Institution State Street Bank and Trust Co. USA $ 0
Financial Institution Bank One USA $5,500
Financial Institution Royal Bank of Scotland plc Scotland $33,000,000
Financial Institution Bank-Fund Staff Federal Credit Union USA $14,000
Financial Institution DnB Nor Bank (fka Den Norske Bank) Norway $7,855
Financial Institution Clearstream Banking SA Luxembourg $152,000,000
Financial Institution UBS AG Switzerland $100,000,000
Financial Institution Barclays Bank PLC United Kingdom $298,000,000
Financial Institution UniCredit Group Italy $1,300,000,000
Financial Institution Downey Savings and Loans USA $44,898
Financial Institution La Salle Bank Midwest, NA USA $5,500
Financial Institution SunTrust Bank USA $40,423
Financial Institution SunTrust Bank USA $30,800
Financial Institution Comerica Bank (on behalf of Imperial Bank) USA $29,000
Financial Institution Commerzbank AG Germany $258,660,796
Financial Institution Suretrade, Inc. USA $7,277
Financial Institution Lloyds TSB Bank, plc United Kingdom $175,000,000
Financial Institution Fleet National Bank (on behalf of Boston and Sure Trade) USA $58,944
Financial Institution Industrial Bank of Korea (IBK) South Korea $86,000,000
Financial Institution National Fleet Bank (Suretrade, Inc) USA $7,277
Financial Institution ING Bank NV Netherlands $619,000,000
Financial Institution BMO Harris Bank NA USA $ 0
Financial Institution Wachovia Bank USA $11,000
Financial Institution BNP Paribas SA (BNPP) France $8,973,600,000
Financial Institution Guaranty Bank USA $5,000