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September 01, 2008 

OFAC Issues August Civil Penalties Report

The Treasury Department's Office of Foreign Assets Control (OFAC) has issued its monthly report of civil penalties imposed on companies and individuals for allegedly violating the sanctions regimes administered by OFAC.

After issuing 19 penalties for nearly $2 million in July, OFAC issued only 10 penalties worth a total of $19,148 in August.

Companies - OFAC imposed civil penalties on the following 7 companies:

  • Environmental Systems Research Institute, Inc. of Redlands, CA remitted $4,120.29 to settle allegations of violations of the Iranian Transactions Regulations by attempting to send a funds transfer to a company in the United Arab Emirates through the company’s Bank Saderat account. OFAC noted that the company did not voluntarily disclose this matter to OFAC but has instituted a comprehensive U.S. sanctions compliance program.
  • 8e6 Technologies, Orange, CA paid $3,300 to settle allegations of violations of the Iranian Transactions Regulations by by exporting internet services to Iran. 8e6 did not voluntarily disclose this matter to OFAC.
  • Wire Pro Incorporated of Salem, NJ, has remitted $2,932.50 to settle allegations of violations of the Iranian Transactions Regulations. The alleged violations occurred in 2003 when WPI allegedly attempted to use the services of Bank Saderat, an entity owned and controlled by the government of Iran, to send a refund to a company in the United Arab Emirates without an OFAC license. WPI did not voluntarily disclose this matter to OFAC.
  • HM Digital, Inc. of Culver City, CA was assessed a $2,662 civil penalty for violating the Iranian Transactions Regulations by attempting to export water testing equipment to an entity located in Iran. HM did not voluntarily disclose this matter to OFAC.
  • Aerovacations, Inc. of Los Angeles, CA, was assessed a $1,761 civil monetary penalty for its violation of the Cuban Assets Control Regulations by attempting to transfer U.S. funds to book a trip to Argentina for a Specially Designated National of Cuba. Aerovacations did not voluntarily disclose this matter to OFAC.
  • WSR Corporation, of Chicago paid $1,024.80 to settle an allegation of a violation of the Iranian Transactions Regulations. OFAC alleged that in 2006 WSR attempted to facilitate a trade-related transaction with Iran on behalf of a non-U.S. person without an OFAC license. WSR did not voluntarily disclose this matter to OFAC.
  • Pala International Inc., of Fallbrook, California remitted $845.85 to settle allegations of violations of the Burmese Sanctions Regulations. OFAC alleged that in 2004 Pala sent a funds transfer to Burma, via an account at a Burmese Specially Designated National, without an OFAC license. Pala did not voluntarily disclose this matter to OFAC.
Individuals - OFAC imposed penalties on 3 individuals (OFAC does not release the names of individuals involved in civil penalty cases):
  • OFAC settled two cases for $952.25 and $1000 involving the purchase of Cuban-origin cigars offered for sale on the Internet.
  • One individual was assessed a penalty totaling $550 for attempting to violate the prohibitions in the Iranian Transactions Regulations by attempting to transfer funds to an entity in a third country in order to pay a debt of an entity in Iran.

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