Category Archives: Settlements
-
Even non-profits can get fined…
Leave a commentMay 10, 2013 by eric9to5
The American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the “American Club”) just got fined $348,000 for 55 non-egregious …
Continue reading -
Toyota recalled (not fondly) by OFAC
Leave a commentApril 26, 2013 by eric9to5
Toyota Motor Credit Corporation, between 2008 and 2010, processed 26 loan payments totaling $14,449 for a person sanctioned under the …
Continue reading -
SAN Corporation fined $22,500 by OFAC
Leave a commentApril 15, 2013 by eric9to5
A single transaction in 2007, where the Oxnard, CA company shipped nutritional supplements to a party in Kuwait with the …
Continue reading -
Maritech Commercial Inc. Settles with OFAC
Leave a commentMarch 21, 2013 by eric9to5
Maritech provided fuel inspection services to 5 cargo vessels associated with IRISL (Islamic Republic of Iran Shipping Lines) for a …
Continue reading -
OFAC Enforcement Action: EGL, Inc.
Leave a commentMarch 6, 2013 by eric9to5
Another day, another fine… EGL, Inc. provided freight forwarding services to Cuba between 2005 and 2008 in violation of the …
Continue reading -
OFAC Enforcement: Bank of Guam fined $27,000
Leave a commentFebruary 25, 2013 by eric9to5
Bank of Guam made a $2625 wire transfer to the UAE to settle delivery fees of goods shipped to Iran. …
Continue reading -
First, do no harm…
Leave a commentFebruary 21, 2013 by eric9to5
The old Will Rogers saying goes, “when you find yourself in a hole, stop digging”. Unfortunately, American Optisurgical didn’t know …
Continue reading -
Another day, another OFAC enforcement action…
Leave a commentFebruary 4, 2013 by eric9to5
On Friday, OFAC buried a small enforcement action behind a couple of mouse clicks (like it did with Dal-Tech and …
Continue reading -
Objects are larger than they appear…
Leave a commentJanuary 18, 2013 by eric9to5
OFAC has posted a new civil penalty on its website. It’s an interesting case in that the penalty is greater …
Continue reading -
Starting off the New Year with a civil penalty (a small one)…
Leave a commentJanuary 2, 2013 by eric9to5
Ellman International has agreed to a $191,000 civil penalty for non-egregious violations of the Iran Transaction Regulations that were not …
Continue reading
