Microwave radio frequency device distributor Dal-Tech Devices agreed to pay...
Microwave radio frequency device distributor Dal-Tech Devices agreed to pay $10,000 to settle potential civil liability for “apparent violations” of the U.S.’s Iranian Transactions Regulations, the Treasury Department’s Office of Foreign Assets Control (OFAC) said Friday. Dal-Tech’s prior owners and…
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management apparently violated the regulations by making an unlicensed sale and shipping $3,226-worth of radio frequency management devices to Austria, with knowledge that they would be shipped on to Iran, OFAC said. When the devices were returned without being delivered, Dal-Tech re-exported them to Iran via Slovenia, OFAC said. Since Dal-Tech did not voluntarily disclose the matter to OFAC, it constitutes “an egregious case,” OFAC said. “Dal-Tech’s prior management at least had reason to know that the company’s goods were ultimately destined for Iran.” Dal-Tech had not been the subject of previous OFAC enforcement action. The OFAC settlement coincides with a Deferred Prosecution Agreement with the office of the U.S. Attorney for Delaware, OFAC said (http://1.usa.gov/UB2QZa).