# OFAC settlement: Gold & Silver Reserve, Inc.
> Settled **$2.95M** for sanctions violations · 2009-10-01 · FY2009
## Settlement
- **Party:** Gold & Silver Reserve, Inc.
- **Date:** 2009-10-01
- **Aggregate penalty:** $2.95M
- **Number of penalties:** 1
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*Source: [OFAC 2009 Enforcement Information](https://ofac.treasury.gov/civil-penalties-and-enforcement-information/2009-enforcement-information) · MORVS · CC0 1.0*