Region: Iran, Islamic Republic of

Report: SFO Petrofac investigation looking at alleged bribery in nine countries

21 June 2021

US package forwarding company dinged for illegal exports

The US Commerce Department has fined a Portland-based package forwarding company and ordered it to appoint an external compliance auditor for illegally shipping rifle scopes to Iran and China.

18 June 2021

Alliance Steel settles with OFAC over dealings in Iran

The Oklahoma company said it was not attuned to OFAC regulations because it primarily operates in the US. OFAC said it is “particularly important” for US businesses to understand the sanctions risk of doing business in countries such as Iran.

19 April 2021

OFAC fines Italian heating company for egregious Iran sanctions breaches

Nordgas for several years used code words for Iran in its correspondence with a US company it bought air pressure switches from to hide the ultimate destination of the goods, the agency said.

29 March 2021

Iranian citizens charged over $300 million sanctions evasion scheme

22 March 2021

German company receives suspended US export ban over Iran sales

MSI Aircraft Maintenance Services will cooperate with US authorities on linked investigations into possible co-conspirators in the scheme to provide parts to a banned Iranian airline.

08 March 2021

Iron Mountain submits explanation for Iran sanctions issue

Information management company Iron Mountain says that the possible US sanctions violations it disclosed to the Treasury Department in 2020 were “inadvertent”.

25 February 2021

Canadian court orders AG to turn over US charging documents to Iranian executive

24 February 2021

US animal health company discloses criminal sanctions probe

New Jersey-based Zoetis has reported potential Iranian sanctions violations to the US Justice Department after conducting an investigation into historic sales by a company it acquired.

17 February 2021

Huawei accuses US prosecutors of sitting on exculpatory evidence

Chinese telecommunications company Huawei has accused US prosecutors of making insufficient and delayed disclosures of potentially exculpatory material in a repeated request for information it says is critical to its defence.

08 February 2021

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