The Treasury Department Office of Foreign Assets Control yesterday announced a $3.3 million settlement with Murad LLC and a $175,000 settlement with a natural US person for violations of US sanctions on Iran.
Murad agreed to settle its potential civil liability for one apparent violation of OFAC sanctions on Iran arising from an apparent conspiracy to export goods from the United States to Iran between 2009 and 2018. OFAC determined that Murad’s apparent violation was egregious, and voluntarily self-disclosed.
The US person separately agreed to settle their potential civil liability for three apparent violations of Iran sanctions that occurred between 2016 and 2017 when the person appears to have caused Murad to export or reexport consumer goods to Iran and engaged in dealings related to the export or reexport of goods to Iran.
OFAC determined that the person’s apparent violations were egregious, and not voluntarily self-disclosed.
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