# OFAC settlement: IEPS Electronic, Inc. by Smart Power Systems, Inc.
> Settled **$100K** for sanctions violations · 2004-06-04 · FY2004
## Settlement
- **Party:** IEPS Electronic, Inc. by Smart Power Systems, Inc.
- **Date:** 2004-06-04
- **Aggregate penalty:** $100K
- **Number of penalties:** 1
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*Source: [OFAC 2004 Enforcement Information](https://ofac.treasury.gov/civil-penalties-and-enforcement-information/2004-enforcement-information) · MORVS · CC0 1.0*