Fine for Italian gas boiler component producer shows risks of non-compliance with US control and sanctions rules
Posts Tagged ‘iran’
Fine for Italian gas boiler component producer shows risks of non-compliance with US control and sanctions rules
A recent fine imposed by the Office of Foreign Assets Control (OFAC) in the US demonstrated the dangers of disregarding US regulations when handling US-controlled items. Italian business Nordgas S.r.l. has agreed to pay $950,000 to settle its potential civil liability for apparent violations of the US Iranian Transactions and Sanctions Regulations (ITSR). The US…
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