# OFAC settlement: Union de Banques Arabes et Françaises
> Settled **$8.57M** for sanctions violations · 2021-01-04 · FY2021
## Settlement
- **Party:** Union de Banques Arabes et Françaises
- **Date:** 2021-01-04
- **Aggregate penalty:** $8.57M
- **Number of penalties:** 1
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*Source: [OFAC 2021 Enforcement Information](https://ofac.treasury.gov/civil-penalties-and-enforcement-information/2021-enforcement-information) · MORVS · CC0 1.0*