OFAC Release on $1M Settlement with Online Micro for Iran Exports
The Office of Foreign Assets Control has released Enforcement Information for February 24, 2012 regarding a $1,054,388 settlement between Online Micro, LLC, its owner, and OFAC for Online's apparent violations regarding unlicensed exports of computer-related goods indirectly from the U.S. through Dubai, UAE, to Iran between 2009 and 2010, in apparent violation of Section 560.204 of the ITR. The settlement is related to certain criminal plea agreements, as well as settlement agreements with the Bureau of Industry and Security (BIS).
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(According to OFAC, Online and the owner each pleaded guilty to one count of criminal conspiracy to violate the ITR after an indictment arising from the same conduct was filed by the U.S. Department of Justice. In addition to the forfeiture of a money judgment in the amount of $1,899,964 by Online and the Owner, Online and the Owner also accepted BIS Export Denial Orders which prohibit them from exporting any goods from the United States for a ten-year period. The BIS Export Denial Orders were suspended in their entirety provided Online and the Owner remain in compliance with the terms of their Settlement Agreements with BIS and with the Export Administration Regulations. See ITT's Online Archives 12021643 for summary of the guilty plea.)