President's Executive Order Blocks Property of the Government of Iran and Iranian Financial Institutions  

NY Man and Company Sentenced for Conspiracy to Export Computer-Related Equipment to Iran 

• BAX Global Inc., 440 Exchange, Irvine, California 92602;
• Kühne + Nagel International AG (Kühne), Post Office Box 67, Schindellegi, Switzerland;
• Panalpina Welttransport (Holding) AG, Postfach, Basel, Switzerland 4002;
• Panalpina Inc., 1776 On the Green, 67 E Park Place Fl 3, Morristown, New Jersey 07960; and
• Schenker AG, Alfredstr. 81, Essen, Nordrhein-Westfalen, Deutschland 45130.

OFAC Posts Recent Penalty Information    

• Teledyne Technologies Incorporated and its subsidiary, Teledyne RD Instruments, Inc. (Teledyne), have agreed to pay $30,385 to settle allegations of violating the Sudanese Sanctions Regulations. OFAC alleged that on two occasions in 2007 Teledyne indirectly exported Acoustic Doppler Current Profilers (ADCP) to Sudan valued at $122,766.  The base penalty amount for the alleged violations was $61,383. Teledyne voluntarily self-disclosed this matter to OFAC. The settlement amount reflected the facts that Teledyne had no history of prior OFAC violations; the exports of the ADCPs caused minimal harm to sanctions programs objectives; and Teledyne took appropriate remedial action upon learning of the potential OFAC violations.

• Richland Trace Homeowners Association, Inc. (Richland Trace), of Dallas, TX, has been assessed a penalty of $9,000 for violating the Former Liberian Regime of Charles Taylor Sanctions Regulations (Liberian Regulations).  Richland Trace used $9,500 of the proceeds from the February 3, 2009, sale of property in which a person designated pursuant to Executive Order 13348, Blocking Property of Certain Persons and Prohibiting the Importation of Certain Goods from Liberia, had an interest, to reimburse itself for past assessments and late fees that had accrued against the property since December 2005.  As a result, OFAC determined that Richland Trace violated the prohibition against dealing in blocked property set forth in the Liberian Regulations. Richland Trace did not voluntarily self-disclose the violation to OFAC.  The base penalty amount for the violation was $10,000. The assessed penalty amount reflected the fact that Richland Trace displayed reckless disregard for U.S. sanctions by failing to comply with the conditions of its OFAC license but had no history of prior OFAC violations.  

• Online Micro, LLC (Online), of Costa Mesa, CA, and one of its principal owners (the Owner) have agreed to settle administrative charges made by the OFAC arising from apparent violations of the Iranian Transactions Regulations (ITR).  The apparent violations relate to unlicensed exports by Online and the Owner, between 2009 and 2010, of computer-related goods indirectly from the United States through Dubai, United Arab Emirates, to Iran in apparent violation of the ITR.  Online, the Owner, and OFAC agreed to a settlement in the amount of $1,054,388 with respect to apparent violations of the ITR by Online and the Owner.  This settlement with OFAC was related to criminal plea agreements reached by Online, the Owner, and the Office of the United States Attorney for the District of Columbia, as well as settlement agreements between Online, the Owner, and the U.S. Department of Commerce's Bureau of Industry and Security (BIS).  OFAC's settlement with Online and the Owner has been deemed satisfied by their acceptance of criminal responsibility, the criminal forfeiture of assets, and the restrictions imposed by BIS against Online and the Owner.

U.S. Trade Representative Issues Request for Petitions To Modify Rules of Origin Under CAFTA-DR

Comments are due on April 17, 2012.  

Foreign-Trade Zones Board Amends FTZ Regulations 

President Obama Orders Establishment of the Interagency Trade Enforcement Center