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.
The Treasury Department's Office of Foreign Assets Control is removing the name of one individual whose property and interests in property are blocked pursuant to Executive Order 13448 involving blocking property and prohibiting certain transactions related to Burma from the list of Specially Designated Nationals and Blocked Persons, effective Jan. 24.
Treasury Department's Office of Foreign Assets Control released its Quarterly Report of Licensing Activities, covering activities undertaken by OFAC for the period from July through September 2012. Among other things, the report includes the number and types of licenses issued and the average time to process each license.
Dal-Tech Devices of Boca Raton, Fla., dba Microwave Distributors, agreed to pay $10,000 to settle potential civil liability for apparent violations of the Iranian Transactions Regulations, said the Treasury Department's Office of Foreign Assets Control. OFAC said Dal-Tech's prior ownership and management apparently violated the ITR by making an unlicensed sale and export of radio frequency measurement devices valued at $3,226 to Austria with knowledge that the items were intended for transshipment to Iran.