SETTLEMENT AGREEMENTS BETWEEN OFAC AND ALFA LAVAL MIDDLE EAST LTD AND ALFA LAVAL INC OVER HISTORIC IRAN SANCTIONS VIOLATIONS

On 19 July, OFAC announced a set of settlements –

·        a $415,695 settlement with Alfa Laval Middle East Ltd, a company located in Dubai that sells fluid handling and other equipment for the energy industry and other sectors.  The settlement relates to the 2015-16 supply of storage tank cleaning units from the US to Iran;

·        a $16,875 settlement with Alfa Laval In, a US company, on behalf of its former subsidiary (and now an operating unit) Alfa Laval Tank Inc.  The latter was the US supplier involved in the above transaction.

https://content.govdelivery.com/accounts/USTREAS/bulletins/2e8faa9

https://home.treasury.gov/system/files/126/20210719_al_middle_east.pdf

https://home.treasury.gov/system/files/126/20210719_al_middle_east_settlement.pdf

https://home.treasury.gov/system/files/126/20210719_al.pdf

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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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