Violation Tracker Individual Record

Company: 
PayPal Inc.
Current Parent Company: 
PayPal Holdings
Penalty: 
$7,658,300
Year: 
2015
Date: 
March 25, 2015
Primary Offense: 
economic sanction violation
Violation Description: 

The U.S. Department of the Treasury's Office of Foreign Assets Control announced a $7,658,300 settlement with PayPal, Inc. to settle potential civil liability for 486 apparent violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations, the Iranian Transactions and Sanctions Regulations, the Cuban Assets Control Regulations, the Global Terrorism Sanctions Regulations, and the Sudanese Sanctions Regulations.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Office of Foreign Assets Control
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
California
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
online payments
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.