Freight Forwarder Settlement on Iran Shipments

A Jamaica, NY freight forwarder settled with the Bureau of Industry and Security for facilitating the export of enterprise servers and switches from the US to Iran without the required US government authorization.

The items, valued in total at approximately $17,408, were subject to Regulations and subject to the Iranian Transactions and Sanctions Regulations, administered by Treasury's Office of Foreign Assets Control.

The settlement calls for a two-year suspended denial of its export privileges, thereafter waived, provided no futher violations and completion of compliance training.

Cargosave cooperated and assisted OEE with its investigation related to the exports at issue, resulting in two seizures of goods, and later assisted in the separate investigation of another potential export violation by a third party,

Cargosave also "demonstrated a commitment to a culture of export control compliance in the future", to ensure that Cargosave management and all employees responsible for export control compliance recognize and familiarize themselves with BIS “Know Your Customer” guidance, as well as guidance on “red flags,” Cargosave shall complete export compliance training on the Regulations within twelve (12) months from the date of the Order.