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OFAC Sanctions Activity

OFAC administers multiple sanctions programs, including country-specific programs or restrictions against human rights violators, weapons proliferators, narcotics traffickers and more. The agency can impose penalties on people and entities that violate those programs. Here are recent stories about OFAC sanctions activity: 

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Microwave radio frequency device distributor Dal-Tech Devices agreed to pay...
January 22, 2013 |Miscellaneous

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 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).