Virginia firm pays $13,381 OFAC settlement

OFAC has announced a $13,381 settlement with Kollmorgen Corporation (“Kollmorgen”) of Radford, Virginia. Kollmorgen has agreed to settle potential civil liability on behalf of its Turkish affiliate, Elsim Elektroteknik Sistemler Sanayi ve Ticaret Anonim Sirketi (“Elsim”), for six apparent violations of Iranian Transactions and Sanctions Regulations. The apparent violations involved Elsim dispatching employees to Iran to service machines and providing other services to Iran. OFAC determined that Kollmorgen voluntarily self-disclosed the apparent violations on behalf of Elsim and that the apparent violations constitute a non-egregious case. In addition, OFAC added the name of an individual to its Foreign Sanctions Evaders (FSE) list.