The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has entered into a $415,695 settlement with the Dubai-based company Alfa Laval Middle East Ltd. (ALME). The company sells fluid handling equipment and other machinery to those in the energy industry as well as other sectors.
ALME agreed to the settlement for its apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR) in 2015-16. The company conspired with Dubai- and Iran-based companies to export Gamajet brand storage tank cleaning units from the US to Iran. Consequently, ALME’s US-based affiliate indirectly exported goods from the US to Iran by misleadingly reporting a Dubai-based company as the end-user of the exported product. Moreover, ALME did not voluntarily self-disclose the ITSR violations.
Meanwhile, the OFAC has entered into another $16,875 settlement with Virginia-based Alfa Laval Inc. (ALUS). ALUS agreed to the settlement for its apparent violations of the ITSR on behalf of its former subsidiary based in Pennsylvania – Alfa Laval Tank, Inc. (ALT). The apparent violations were committed during 2015-16 when ALT, producer of storage tank cleaning equipment, suggested an Iranian business deal to its Dubai affiliate. The Dubai affiliate then conspired to export goods from the US to Iran. Once again, ALUS did not voluntarily self-disclose the violations.
Source: US Department of the Treasury