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U.S. Treasury Department fines medical supply company for allegedly violating Iran sanctions

Oct 22 2012 Brett Wolf, Compliance Complete

The Treasury Department announced on Friday it has fined a Georgia-based medical supply company $18,900 for allegedly violating U.S. sanctions against Iran. Between 2006 and 2009, Brasseler USA exported goods or services "to a person in a third country" despite knowing they would be transshipped to Iran, Treasury's Office of Foreign Assets Control (OFAC) stated when announcing the fine. Although OFAC did not elaborate on the nature of the transactions, it did state that there were three and they totaled roughly $5,200. OFAC said Brasseler did not voluntarily disclose the purported violations but also noted that it was a "non-egregious" case. It added that it Brasseler's conduct "demonstrated reckless disregard for U.S. sanctions requirements" and "involved a pattern of concealment whereby the company masked the identities of its Iranian customers." OFAC also noted that management-level employees at Brasseler were involved with or aware of the conduct and the company did

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