Ameron International Settles with OFAC Over Iran, Cuba Sanctions Violations
The Ameron International Corporation settled a civil liability case with the Treasury Department’s Office of Foreign Assets Control (OFAC) over alleged violations of the Iranian Transactions and Sanctions Regulations and Cuban Assets Control Regulations, agreeing to pay $434,700, OFAC said…
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on Oct. 24. OFAC determined that Ameron did not voluntarily self-disclose to OFAC indirect dealings with Iranian and Cuban interests that occurred from 2005 to 2006. The apparent violations constitute a non-egregious case, OFAC said.