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.
November 27, 2018
OFAC settles Ukraine sanctions violations with aerospace technology support company
Related by Topic
October 2, 2023 Insight
September 28, 2023 News Alert
OFAC sanctions Sinaloa Cartel affiliates and the leader of a group that supplies the cartel with cocaine
September 27, 2023 News Alert