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Violation Tracker Individual Record

Company: Oregon Tool, Inc.
Current Parent Company: Platinum Equity
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,700,000
Year: 2023
Date: October 26, 2023
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Violation Description: Oregon Tool, Inc., a Portland-based manufacturer of professional-grade cutting tools, which at all relevant times was known as Blount, Inc., entered into a non-prosecution agreement and paid $1.7 million for accepting payments for products sold to two distributors transmitted through an unlicensed money transmitting business linked by the FBI to a trade-based money laundering scheme in Nigeria.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of Oregon
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.