In October 2018, Actuant Corporation disclosed potential sanctions violations to the US Treasury Department’s Office of Foreign Assets Control (OFAC). The company reported that certain limited transactions totaling approximately $0.5 million may have fallen outside of the scope of transactions authorized under General License H of the Iranian Transaction and Sanctions Regulations, 31 C.F.R. Part 560. US authorities are reviewing the company’s disclosure. Actuant has also made self-disclosures to US and Dutch authorities of potential violations of US and European economic sanctions related to sales that may have been diverted to the Crimea.