Calif. Firm to Pay $97,695 for Illegal Exports to Iran
Offshore Marine Laboratories of Gardena, Calif., agreed to pay $97,695 to settle potential civil liability for alleged violations of the Iranian Transactions Regulations and Executive Order 13382 on "Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters," said the Treasury Department's Office of Foreign Assets Control.
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OFAC said the alleged violations occurred between July 11, 2007, and July 17, 2008, when OML exported to a company in the United Arab Emirates eight shipments of spare parts and supplies intended for supply to an offshore oil drilling rig located in Iranian waters. Both the rig owner and operator were located in Iran, and five of the shipments occurred after the rig owner's property was blocked, OFAC said.
OFAC said the violations were non-egregious case, but weren't voluntarily disclosed, so the base penalty was $167,000. the final penalty reflected the fact that OML had no OFAC compliance program in place, but has no history of prior OFAC violations and demonstrated substantial cooperation with OFAC throughout the investigation, OFAC said.