|Saturday, 20 October 2012 12:23|
Brasseler USA, the U.S. subsidiary of a Canadian medical supply company, and the Treasury Department Office of Foreign Assets Control (OFAC) announced this week that Brasseler has agreed to pay $18,900 to settle potential civil liability for alleged violations of U.S. economic sanctions on Iran.
According to an OFAC civil penalties announcement, OFAC alleged that "on or about February 24, 2006, January 21, 2009, and March 20, 2009, Brasseler exported goods or services to a person in a third country with knowledge or reason to know that such goods or services were intended specifically for transshipment to Iran, without authorization from OFAC. The alleged violations involved three transactions valued at $5,241. OFAC determined that Brasseler did not voluntarily self-disclose the matter to OFAC and that the alleged violations constituted a non-egregious case. The base penalty amount for the alleged violations totaled $21,000."
In addition, the OFAC announcement states that "[t]he settlement amount reflects OFAC’s consideration of the following facts and circumstances, pursuant to the General Factors under OFAC’s Economic Sanctions Enforcement Guidelines, 31 C.F.R. part 501, App. A: