OFAC SETTLEMENT WITH WHITFORD WORLDWIDE COMPANY LLC RE POTENTIAL CIVIL LIABILITY FOR APPARENT VIOLATIONS OF THE IRANIAN SANCTIONS REGULATIONS

On 28 July, OFAC announced that the Pennsylvania-based cookware coating company had settled with OFAC over its potential civil liability for 74 apparent violations of the Iranian Transactions and Sanctions Regulations by Whitford and its subsidiaries in Italy and Turkey 2012-15.  OFAC determined that Whitford voluntarily disclosed the apparent violations and that the apparent violations constitute a non-egregious case. The company has agreed to pay $824,314 to settle its potential civil liability for its foreign subsidiaries’ sales to Iran.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200728.aspx

https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20200728_whitford.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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