March 23, 2021

OFAC Reaches £216k Settlement With UniControl

OFAC has announced that UniControl, an Ohio-based manufacturer, has agreed to pay $216,464 to settle its civil liability for violations of the Iran Transactions and Sanctions Regulations (ITSR). UniControl, Inc., an Ohio-based entity that manufactures process controls, airflow pressure switches, boiler controls, and other instrumentation, has agreed to pay $216,464 to settle its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR). 

UniControl failed to act on multiple apparent warning signs by exporting 19 shipments of its goods from the United States to two European companies with reason to know that the goods were explicitly intended for supply, transhipment, or re-exportation to Iran by the two European companies. Additionally, UniControl had actual knowledge that an additional two shipments would be reexported to Iran. These apparent violations occurred largely because UniControl failed to take appropriate steps in response to multiple warning signs it encountered when engaging in business with its European trade partners, which gave UniControl reason to know its goods were being re-exported to Iran.

The settlement amount reflects OFAC’s determination that UniControl’s apparent violations were non-egregious and voluntarily self-disclosed and further reflects the significant remedial measures implemented by UniControl upon discovering the apparent violations.

You can learn more here.

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