OFAC settles Ukraine sanctions violations with aerospace technology support company

The Office of Foreign Assets Control of the Department of the Treasury announced a settlement with Cobham Holdings, Inc.  The company voluntarily disclosed three potential violations of the Ukraine Related Sanctions Regulations by its former subsidiary Aeroflex/Metelics.  The violations involved the indirect export of air traffic control radar components to a person on or owned by a person on the List of Specially Designated Nationals and Blocked Persons.   The company agreed to pay $87,507 to settle its potential civil liability in the matter.

OFAC press release

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