Marine antenna seller pays OFAC $85K

OFAC has announced that Sea Tel, Inc. has agreed to pay $85,113 to settle potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations. The apparent violations by Sea Tel occurred when it invoiced and exported marine antenna systems to a South Korean distributor, with knowledge or reason to know that they were intended specifically for re-exportation, directly or indirectly, to Iran.