US announces settlement with Dutch company for apparent sanctions violations
Washington - KUNA
The US Department of the Treasury announced Thursday a settlement with Fokker Services B.V. (FSBV), The Netherlands, of the company's potential USD 51 million civil liability in connection with alleged violations of US sanctions on Iran and Sudan.
The Treasury said in a statement that today's action "is the result of an exhaustive investigation by Treasury's Office of Foreign Assets Control (OFAC) along with other Federal agencies." "As part of the settlement, FSBV will satisfy its liability with the payment of a USD 10.5 million civil monetary penalty to OFAC and the Department of Commerce's Bureau of Industry and Security (BIS), a forfeiture of an additional USD 10.5 million pursuant to a deferred prosecution agreement reached with the Department of Justice's US Attorney's Office for the District of Columbia (USAO), and the acceptance of responsibility for its egregious conduct involving over 1,150 alleged violations of US sanctions," the statement noted.
OFAC Director Adam Szubin said in this regard "by illegally exporting aircraft spare parts to designated countries, FSBV flagrantly violated US sanctions laws and this illicit activity will not be tolerated.
"Treasury is committed to holding accountable anyone who undermines those efforts and to deterring others from undertaking similar conduct," he stressed.
According to the statement, from 2005 to 2010, FSBV "indirectly exported or re-exported aircraft spare parts to Iranian or Sudanese customers, which FSBV either specifically procured from or had repaired in the United States, or that were US-origin and required the issuance of a license by a Federal agency at the time of shipment."