Communications Daily is a service of Warren Communications News.
Subscriber Login

Mara Lee

Mara Lee, Senior Editor, is a reporter for International Trade Today and its sister publications Export Compliance Daily and Trade Law Daily. She joined the Warren Communications News staff in early 2018, after covering health policy, Midwestern Congressional delegations, and the Connecticut economy, insurance and manufacturing sectors for the Hartford Courant, the nation’s oldest continuously published newspaper (established 1674). Before arriving in Washington D.C. to cover Congress in 2005, she worked in Ohio, where she witnessed fervent presidential campaigning every four years.

to
articlessource documents
Refine Trend Search
Clear Terms

Search Primer

Term list: Separate terms with spaces, not commas or semicolons.

Multi-word term: Place inside quotes to ensure an exact match (e.g. "China import").

Acronyms: Use all capital letters to ensure the search is not looking for that letter sequence instead.

Required term: If a term must be included in any resulting articles, prefix it with a plus sign (e.g., +CBP).

Excluded term: If a term should be excluded from any articles being found, prefix it with a minus sign (e.g., -ruling).

Singular form: Always use the singular form when doing multi-word terms (e.g. "russian export control" instead of "russian export controls").

Shortest word form: When you have different word forms in a quoted (multi-word) term, you want to only include the shortest version if it is the last part of the expression (e.g., "entity list" instead of "entity listing" or "entity listed").

OFAC, KMT Group AB Settle Iran Sanctions Violations Case
October 25, 2013 by Brian Dabbs|Penalties and Courts

The KMT Group AB settled a civil liability case with the Treasury Department Office of Foreign Assets Control (OFAC), agreeing to pay $125,000 for apparent violations of Iranian Transactions and Sanctions Regulations committed by a subsidiary company, said OFAC. The KMT Group AB subsidiary attempted to export nine high pressure water jetting pump units pumps from the U.S. to Germany, with knowledge or reason to know that the goods were intended specifically for reexportation to South Pars Industrial Gas Complex in Tehran, Iran, said OFAC. The attempted export took place between February and March 2009. OFAC said the company did not voluntarily self-disclose the export destination to OFAC, but the violations do not constitute an egregious case, the agency said. CBP already seized two of the pumps and as part of the settlement, the KMT Group AB agreed that no KMT Group entities will contest CBP’s forfeiture proceedings against the remaining seven pumps, OFAC said.

Ameron International Settles with OFAC Over Iran, Cuba Sanctions Violations
October 24, 2013 by Brian Dabbs|Treasury Dept.

The Ameron International Corporation settled a civil liability case with the Treasury Department’s Office of Foreign Assets Control (OFAC) over alleged violations of the Iranian Transactions and Sanctions Regulations and Cuban Assets Control Regulations, agreeing to pay $434,700, OFAC said on Oct. 24. OFAC determined that Ameron did not voluntarily self-disclose to OFAC indirect dealings with Iranian and Cuban interests that occurred from 2005 to 2006. The apparent violations constitute a non-egregious case, OFAC said.

OFAC Announces Penalty for Iran Sanctions Violations
October 22, 2013 by Brian Dabbs|Treasury Dept.

The Treasury Department’s Office of Foreign Assets Control (OFAC) announced on Oct. 21 the assessment of a $1.5 million penalty against UAE-based investment, advising and trading company, Alma Investment, for violating the Iranian Transactions and Sanctions Regulations. The company did not voluntarily self-disclose at least six electronic funds transfers, totaling $103,283, processed through financial institutions located in the United States for the benefit of persons in Iran, OFAC determined. Alma did not have an OFAC compliance program, nor did it cooperate with OFAC during the investigation, said OFAC.

OFAC Penalizes Turkish Trading Company for Violating Iran Sanctions
September 27, 2013 by Brian Dabbs|Treasury Dept.

The Treasury Department’s Office of Foreign Assets Control (OFAC) assessed a $750,000 penalty on Finans Kiymetli Madenler Turizm Otomotiv Gida Tekstil San. Ve Tic for violating the Iranian Transactions and Sanctions Regulations, according to a Sept. 26 release. In 2012, Finans originated at least three electronic funds transfers, totaling $257,808, that processed through financial institutions located in the U.S. for the benefit of the government of Iran or persons in Iran, OFAC said. The Treasury blocked two of those transactions. Finans is a Turkey-based trading company.