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OFAC Enforcement Action: NewTek, Inc.

NewTek, a company from San Antonio, settled its liability for 52 non-egregious, voluntarily self-disclosed violations of the Iranian Transactions and Sanctions Regulations (ITSR) for $189,483. OFAC specifically noted the company’s cooperation and remedial response in the overview of the action notice. What NewTek did (and didn’t do) From approximately December […]

OFAC sanctions Iranian intelligence officers

Today, OFAC added the following persons: FARAHANI, Alireza Shahvaroghi (a.k.a. “ALI, Haj”; a.k.a. “SALIMI, Vezarat”; a.k.a. “SALIMI, Vezerat”), Iran; DOB 06 Dec 1970; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male (individual) [IRAN-HR] (Linked To: IRANIAN MINISTRY OF INTELLIGENCE AND SECURITY).KHAZEIN, Mahmoud (Arabic: محمود خاضعین), Iran; […]

One company, two enforcement actions…

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Alfa Laval Middle East Ltd. and Alfa Laval Inc. Release date 07/19/2021 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $415,695 settlement with Alfa Laval Middle East Ltd. […]