Ga. Medical Supply Company Settles OFAC Charges Involving Iran
Medical supply company Brasseler USA of Savannah, Ga., agreed to pay $18,900 to settle potential civil liability for alleged violations of the Iranian Transactions Regulations from 2006 to 2009, said the Treasury Department Office of Foreign Assets Control. OFAC alleged…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
that Brasseler exported goods or services to a person in a third country with knowledge or reason to know they were intended for transshipment to Iran, without authorization from OFAC. OFAC said Brasseler's conduct demonstrated reckless disregard for U.S. sanctions requirements, involved a pattern of concealment, and Brasseler did not have a compliance program in place.