OFAC Announces $18K Penalty Against Norton Lilly for Violating the Iranian Transactions Regs
The Office of Foreign Assets Control states that Norton Lilly International, Mobile, AL, has been assessed a penalty of $18,750 for its violation of the Iranian Transactions Regulations, 31 CFR Part 560, that occurred in November 2006. Norton engaged in…
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a transaction or dealing related to services of Iranian origin, and facilitated a transaction by a foreign person involving Iranian-origin services. Norton had knowledge or reason to know that the conduct, activity, or transaction giving rise to the violation involved port charges with respect to a ship calling in Iran.