Stanley Drilling Equipment & Supply, Inc.

The alleged violations by Stanley Drilling occurred between June 16, 2008, and October 17, 2008, when Stanley Drilling attempted to export four shipments and successfully exported two shipments of goods, valued at $93,329, from the United States to the United Arab Emirates, with reason to know that the shipments were intended specifically for supply, transshipment, or reexportation to an oil drilling rig located in Iranian waters.

Stanley Black & Decker

Stanley Black & Decker, Inc. (“Stanley Black & Decker”), a company based in New Britain, Connecticut, on behalf of itself and its subsidiary located in China, Jiangsu Guoqiang Tools Co. Ltd. (“GQ”), has agreed to pay $1,869,144 to settle its potential civil liability for 23 apparent violations of the Iranian Transactions and Sanctions Regulations.

Standard Chartered Bank

Standard Chartered Bank agreed to forfeit $227 million to the Justice Department for conspiring to violate the International Emergency Economic Powers Act. The bank agreed to the forfeiture as part of a deferred prosecution agreement with the Justice Department and a deferred prosecution agreement with the New York County District Attorney's Office for violating New York state laws by illegally moving millions of dollars through the U.S. financial system on behalf of sanctioned Iranian, Sudanese, Libyan and Burmese entities.

Standard Chartered Bank

Standard Chartered Bank, a global financial institution headquartered in London, England, agreed to the forfeiture of $240 million, a fine of $480 million, and to the amendment and extension of its deferred prosecution agreement with the Justice Department for an additional two years for conspiring to violate the International Emergency Economic Powers Act (IEEPA). U.S. authorities will receive $928 million of the penalties, with roughly half of that going to New York. The FCA imposed a 102 million pound fine ($133 million) on the bank for its control failures.

Spectra Equipment (Spectra)

Johnny Paul Tourino, owner of Spectra Equipment Inc., was sentenced to 18 months in federal prison for conspiring to export high-end computer servers to Iran, violating the International Emergency Economic Powers Act (IEEPA) and U.S. sanctions. Between September 2015 and March 2017, Tourino negotiated the sale of five business-class computer servers worth $2.1 million, intended for Iranian financial institutions Bank Mellat and Bank Keshavarzi. He falsely claimed the servers were destined for other countries, such as Africa and Slovenia, to evade detection.

Societe Generale SA

OFAC alleged that SGNY, as the issuing bank of two letters of credit between two non-sanctioned parties, processed two payments under those letters of credit involving the shipment of cargo transported aboard vessels owned and/or managed by the Islamic Republic of Iran Shipping Lines of Tehran, Iran, an Iranian entity.