U.S. company agrees to pay $435,000 for imports of engineering services from Iran

An Oklahoma company has agreed to pay approximately $435,000 to settle its potential civil liability for violations

An Oklahoma company agreed to pay to settle its potential civil liability for violations

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) today announced that an Oklahoma company has agreed to pay approximately $435,000 to settle its potential civil liability for violations of the Iranian sanctions regulations.

The company—a designer and manufacturer of prefabricated steel structures—is headquartered in Oklahoma City. According to the OFAC release [PDF 109 KB], the company on over 60 occasions between October 2013 and October 2018, “knowingly imported” engineering services from a third-party engineering company located in Tehran, Iran.

The OFAC reported that multiple members of the company’s senior management were aware of these transactions and participated in the approval process, which, in each transaction, included reviewing a two-page invoice containing the company’s permanent address in Tehran.

The OFAC concluded that these violations were non-egregious and also were voluntarily self-disclosed by the company. After new management learned of the apparent violations, the company halted all work with the Iranian engineering company and took a number of remedial steps to institute risk-based controls and prevent the recurrence of such conduct.

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner and Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
T: 415-963-7861
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
T: 212-954-3094
E: labad@kpmg.com

Irina Vaysfeld
T: 212-872-2973
E: ivaysfeld@kpmg.com

Amie Ahanchian
T: 202-533-3247
E: aahanchian@kpmg.com

Christopher Young
T: 312-665-3229
E: christopheryoung@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

George Zaharatos
T: 404-222-3292
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

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