The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a $518,063 settlement with Blue Sky Blue Sea, Inc., doing business as American Export Lines and International Shipping Company (USA) (collectively referred to as “AEL”) of Los Angeles, California, to settle AEL’s potential civil liability for 140 apparent violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. Part 560 (ITSR).
Between on or about April 25, 2010 and on or about June 2, 2012, AEL appears to have violated § 560.204 of the ITSR by transshipping used and junked cars and parts from the United States via Iran to Afghanistan on 140 occasions.
The OFAC determined that AEL did not voluntarily self-disclose the apparent violations, and that the apparent violations constitute a non-egregious case.
(Source: U.S. Department of the Treasury)