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OFAC Settles Cases Over Sanctions Violations with Great Plains Stainless Co.
July 29, 2015 |Treasury Dept.

Great Plains Stainless (GPS) Company agreed to settle with the Treasury Department’s Office of Foreign Assets Controls for alleged violations of the Executive Order "Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters" and the Weapons of Mass Destruction Proliferators Sanctions Regulations (WMDPSR) on July 24 (here). GPS agreed to pay the OFAC $214,000 for alleged violations spanning from April 9, 2009 to July 4, 2009. The settlement includes descriptions of two violations. The first count described GPS sales of goods shipped from its Chinese vendor to a customer in Dubai, United Arab Emirates, via "a vessel that was identified as blocked property," said OFAC. The second count cites GPS engaging in "transactions that appear to have been intended to evade or avoid the prohibitions in the WMDPSR when the company requested the creation of new trade documents, with references to the blocked vessel removed, and then transferred the altered documents to its customer to facilitate the release of goods held at port in Dubai," OFAC said.

Treasury Again Extends Iran Sanctions Relief as Negotiations Continue
July 8, 2015 |Treasury Dept.

The U.S., Iran and other world powers agreed on July 7 to extend the nuclear enrichment negotiations for an additional three days, and the Treasury Department will keep sanctions relief in place for that period, the Office of Foreign Assets Control said (here). The deadline for a final deal was originally June 30, and negotiators then pushed back the deadline to July 7.

OFAC to Slash Independent Data Files in Non-SDN Consolidation Effort
July 7, 2015 |Treasury Dept.

The Treasury Department’s Office of Foreign Assets Control will stop issuing independent data files on July 10 for the Foreign Sanctions Evaders List, the Sectoral Sanctions Identifications List and the Non-SDN Palestinian Legislative Council List, OFAC said in a release (here). That move is part of OFAC’s consolidation effort for non-Specially Designated Nationals Lists, said the agency. OFAC has posted the Consolidated Sanctions List data files online (here).

Treasury Extends Iran Sanctions Relief for One Week as Talks Continue
June 30, 2015 |Treasury Dept.

The Treasury Department is extending sanctions relief for Iran through July 7 as the U.S. and other world powers continue to negotiate with Iran the terms of a final nuclear enrichment pact (here). The negotiating partners planned to wrap up talks on June 30, but negotiations are ongoing in Vienna. Treasury is extending the Joint Plan of Action sanctions relief, which the Obama administration most recently extended in November 2014 (see 1411280032).

OFAC Settles Cases Over Sanctions Violations with Kyrgyz, Iranian Entities
June 19, 2015 |Treasury Dept.

The Treasury Department’s Office of Foreign Assets Controls settled two civil liability cases on June 18 and 19 over sanctions violations. The National Bank of Pakistan’s New York branch agreed to pay $28,000 to OFAC over more than a half dozen violations between 2013-14 of the Global Terrorism Sanctions Regulations, OFAC said on June 18 (here). NBP processed transfers to Kyrgyz Trans Avia, an airline headquartered in Bishek, Kyrgyzstan, said OFAC. The agency placed the airline on its Specially Designated Nationals List in 2013 (here). The base amount for the violations is $64,000. OFAC also on June 19 settled a civil liability case with John Bean Technologies, based out of Chicago, over 2009 violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations. The company agreed to pay $391,950 over the violations, said OFAC (here). John Bean sold goods to a Chinese company, and the goods were then shipped from Spain to Iran via Islamic Republic of Iran Shipping Lines. John Bean later reimbursed ”AeroTech Spain for charges paid to its freight forwarder for the shipping services rendered by IRISL, and to Banco Santander for fees associated with negotiating” the payments, on top of another violation related to trade documentation filing, said OFAC. The total based amount for the violations is $670,000.