OFAC Releases Recent Civil Penalties and Enforcement Info
The Office of Foreign Assets Control has released new civil penalties and enforcement information as follows:
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
- HCC Insurance Holdings, Inc. of Houston, TX has paid $38,448 to settle allegations of violations of the Iranian Transactions Regulations when it participated in a specialty aviation insurance policy that covered commercial flight operations in Iran during the period April 2005 - 2006. HCC voluntarily disclosed this matter to OFAC and the alleged violation constituted a non-egregious case.
- Robbins Instruments, Inc. of Chatham, NJ agreed to remit $37,080 to settle allegations of violations of the Iranian Transactions Regulations when it exported, sold, and/or supplied medical equipment to one or more individuals in Iran without a license from OFAC. Robbins did not voluntarily self-disclose the matter to OFAC and the alleged violations constituted a non-egregious case.
- An individual from Houston, TX has remitted $112,500 to settle an apparent violation of the Sudanese Sanctions Regulations when the individual facilitated a trade-related transaction involving supplying jute bags to buyers in Sudan without an OFAC license. OFAC determined that the individual did not voluntarily disclose this matter to OFAC and that the apparent violation constituted a non-egregious case.