OFAC Settles Civil Case with Sea Tel Over Alleged Iran Sanctions Violations
The Treasury Department’s Office of Foreign Assets Control (OFAC) settled a potential civil liability case with Sea Tel Inc. over alleged violations of the Iranian Transactions and Sanctions Regulations, OFAC said on April 2. Sea Tel agreed to pay $85,113…
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for allegedly invoicing orders of marine antenna systems to a South Korean distributor that intended to reexport the products to Iran. Sea Tel voluntarily disclosed the action to OFAC, and the apparent violations constitute a non-egregious case, said OFAC.