Skip to content

Barracuda Networks, Inc. pays OFAC penalty

Campbell, CA
Fine Amount: 
Penalty Type: 
Issued by: 

The Treasury Department's Office of Foreign Assets Control (OFAC) has announced that Barracuda Networks, Inc. (“Barracuda U.S.”), of Campbell, California, has agreed to pay $38,930 on behalf of itself and its United Kingdom subsidiary, Barracuda Networks Ltd. (“Barracuda U.K.”), (collectively “Barracuda”) to settle potential civil liability for alleged violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560; the Sudanese Sanctions Regulations, 31 C.F.R. part 538, and the Syrian Sanctions Regulations, 31 C.F.R. part 542. From August 2009 to April 2012, Barracuda U.K. sold Web filtering products including products that could be used to block or censor Internet activity; internet security products; and related software subscriptions to individuals and entities in Iran and Sudan, and to Specially Designated Nationals and Blocked Persons (“SDNs”) under the Syrian Regulations. In addition, from August 2009 to May 2012, Barracuda U.S. provided the firmware and software updates for these and other software subscriptions.

OFAC determined that Barracuda voluntarily self-disclosed the alleged violations to OFAC, and the alleged violations constitute a non-egregious case. The total transaction value for the alleged violations was $123,586.

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Penalties