Interactive Brokers pays US$11.8m for multiple breaches of US sanctions

Electronic broker-dealer Interactive Brokers LLC has settled with the US Office of Foreign Assets Control (OFAC), paying US$11,832,136, for "apparent violations" of various US sanctions programmes between 15 July 2016 and 31 January 2024. The failings, though extensive, were deemed non-egregious, and self-disclosed.

Electronic broker-dealer Interactive Brokers LLC has settled with the US Office of Foreign Assets Control (OFAC), paying US$11,832,136, for "apparent violations" of various US sanctions programmes between 15 July 2016 and 31 January 2024. The failings, though extensive, were deemed non-egregious, and self-disclosed.