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Individual settles potential OFAC liability
OFAC has announced a $5,000 settlement agreement with a U.S. individual who, at the time of the apparent violations was a civilian direct hire of the U.S. Army and stationed at the U.S. embassy in Bogota, and has agreed to settle their potential civil liability for 24 apparent violations of the Foreign Narcotics Kingpin Sanctions Regulations, 31 C.F.R. part 598. Between approximately October 2015 and August 2016, the individual engaged in at least 24 transactions valued at $3,349 that dealt in the blocked property interests of a foreign individual who at the time was a specially designated narcotics trafficker in apparent violation of the Kingpin Sanctions. OFAC determined that the person did not voluntarily disclose the apparent violations, and that the apparent violations constitute an egregious case.