OFAC Settles Case with Network Hardware Resale Over Sudan, Iran Sanctions Violations
The Treasury Department’s Office of Foreign Assets Control (OFAC) settled a case with the firm Network Hardware Resale for $64,758 over alleged violations of the Sudanese Sanctions Regulations and the Iranian Transactions and Sanctions Regulations between 2008 and 2011, OFAC…
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.
announced on June 25. The firm allegedly exported 16 shipments of networking equipment and related accessories from the U.S. to Sudan, as well as two shipments of similar products from the U.S. and destined for Iran. Network Hardware Resale took “prompt corrective action” after detecting the violations, said OFAC.