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California Company Fined $22,500 Over Nutritional Supplements Intended for Iran

Wednesday, April 17, 2013
By Shawn McCausland
Sandler, Travis & Rosenberg Trade Report

The Treasury Department’s Office of Foreign Assets Control reports that a California company has agreed to pay $22,500 to settle potential civil liability related to allegations that it sold nutritional supplements to an entity in Kuwait with knowledge that such goods were intended for end use in Iran. The base penalty amount for the alleged violation was $25,000. OFAC states that the company acted with reckless disregard for U.S. sanctions requirements, did not voluntarily disclose this matter and provided incomplete and/or inaccurate statements to OFAC. On the other hand, the company has no history of prior OFAC violations and the goods at issue appear to have been eligible for a license under the Trade Sanctions Reform and Export Enhancement Act of 2000.

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