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OFAC Announced Settlement Agreements with Two Companies for Iran and Sudan Sanctions Violations
  • Squire Patton Boggs
  • Iran, Sudan, USA
  • August 23 2016

OFAC announced settlement agreements with two different companies. First, HyperBranch Medical Technology, Inc. agreed to a US$107,691.30 settlement

Shipping company pays US$3.1 million settlement to OFAC for alleged violations of Iran and Sudan sanctions programs
  • Squire Patton Boggs
  • USA, Iran, Sudan
  • October 26 2010

Maersk Line, Limited and its wholly owned subsidiaries, Farrell Lines Incorporated and E-Ships, Inc. (collectively, Maersk) settled allegations of violations of the Iranian Transactions Regulations and Sudanese Sanctions Regulations with OFAC for US$3.1 million

Agar Corporation reaches UD$2 million settlement with OFAC and DOJ for alleged violations of the Sudan Sanctions Regulations and International Emergency Economic Powers Act (IEEPA)
  • Squire Patton Boggs
  • Sudan, USA
  • October 26 2010

Agar Corporation, a US-based manufacturer of specialized flow metering equipment for the petroleum industry, allegedly made seven shipments of metering equipment to its affiliate in Venezuela with knowledge that the equipment would be incorporated into products destined for Sudan