US Firm to Pay Fine for Violating Iran Bans

US Firm to Pay Fine for Violating Iran BansUS Firm to Pay Fine for Violating Iran Bans

The US shipping firm Blue Sky Blue Sea, Inc. has agreed to pay more than half-a-million dollars for violating sanctions against Iran 140 times, the US Department of the Treasury’s Office of Foreign Assets Control said in a statement on Thursday.

The shipping company appears to have violated the sanctions clause 140 times by transshipping used and junked cars and parts from the United States to Afghanistan via Iran, the OFAC said, Sputnik reported.

“[OFAC] today announced a $518,063 settlement with Blue Sky Blue Sea, Inc., doing business as American Export Lines and International Shipping Company [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,” the statement said.

The violations appear to have taken place between April 25, 2010, and June 2, 2012, the statement added.


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