The Office of Foreign Assets Control has removed one individual from its Specially Designated Nationals list, under Zimbabwe designations, OFAC said (here).
The Office of Foreign Assets Control has added two individuals to its Specially Designated Nationals list, under counter terrorism designations, OFAC said (here).
The Office of Foreign Assets Control has added one individual to its Specially Designated Nationals list, under antiterrorism designations, OFAC said (here).
Chinese multinational ZTE agreed to plead guilty and pay $430.5 million to the U.S. government to settle charges that it illegally shipped dual-use U.S.-origin wireless and wireline infrastructure hardware to customers in Iran for almost six years, obstruction of justice, and “making a material false statement,” DOJ announced (here). In total, ZTE agreed to pay the government $892.4 million, under the impending guilty plea and settlement agreements reached with the Commerce Department's Bureau of Industry and Security (BIS) and Treasury's Office of Foreign Assets Control, DOJ said. BIS suspended another $300 million in penalties, which ZTE will pay if it breaches its settlement with the agency, DOJ said. ZTE lied to federal investigators and “deceived their own counsel and internal investigators” about the illegal acts, Attorney General Jeff Sessions said in a statement. An independent corporate compliance monitor will review and report on ZTE’s export compliance program over the next three years, during which the company will remain on corporate probation, according to DOJ’s announcement.
The Office of Foreign Assets Control removed seven individuals and 12 entities from its Specially Designated Nationals (SDN) list, and updated the entries for two individuals, under Foreign Narcotics Kingpin Act designations, OFAC said (here).
California-based United Medical Instruments entered into a $515,400 civil settlement with the Office of Foreign Assets Control after the company allegedly committed 56 violations of the Iranian Transactions and Sanctions Regulations, OFAC announced (here). Compliance with the terms of its September 2013 settlement agreement with the Bureau of Industry and Security and payment of $15,400 to the Treasury will satisfy the company’s obligation to pay the settlement, OFAC said. From about Dec. 5, 2007, to about April 30, 2009, the firm violated the regulations on at least 56 occasions by selling a total of about $2.5 million worth of medical imaging equipment with “knowledge or reason to know that the goods were intended specifically for supply or re-exportation to buyers located in Iran, and when it facilitated the sales of medical imaging equipment from a company located in the United Arab Emirates to Iran,” OFAC said.
The Office of Foreign Assets Control has added two individuals to its Specially Designated Nationals list, under antiterrorism designations, OFAC said (here).
Eleven individuals and one company, AW-Tronics, in Florida were charged with exporting prohibited dual-use articles to Syria in violation of the U.S. trade embargo with that country, the Justice Department said (here). The defendants were charged for their alleged participation in a conspiracy to violate the International Emergency Economic Powers Act, the Export Administration Regulations, and the Global Terrorism Sanctions Regulations by exporting the goods to Syrian Arab Airlines, an entity designated and blocked by the Office of Foreign Assets Control.
The Office of Foreign Assets Control removed two individuals from its Specially Designated Nationals (SDN) list, under transnational criminal organizations designations, OFAC said (here).
The Office of Foreign Assets Control has added two individuals, 13 entities and one aircraft to its Specially Designated Nationals list, under Foreign Narcotics Kingpin Act designations, OFAC said (here).