Interactive Brokers to Pay $11.8 Million for Sanctions Violations Across Multiple Jurisdictions & Programs
Interactive Brokers LLC has agreed to pay nearly $11.83 million to settle a wide-ranging enforcement case with the U.S. Treasury’s Office of Foreign Assets Control (OFAC). The fine stems from thousands of transactions spanning more than seven years that violated multiple U.S. sanctions programs, including dealings linked to Iran, Cuba, Syria, Crimea, Russia, and Chinese military-linked firms.