DAF Trucks NV

Parent Company:
HQ Country of Company:
Location of Sentencing:
Washington D.C.

PACCAR Inc (“PACCAR”), a company headquartered in Bellevue, Washington, has agreed to pay $1,709,325 to settle potential civil liability for 63 apparent violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR) by DAF Trucks N.V. (“DAF”), a wholly owned subsidiary of PACCAR headquartered in Eindhoven, the Netherlands. The apparent violations of § 560.215 of the ITSR occurred on three occasions between the approximate dates of October 2013 and February 2015, when DAF sold or supplied 63 trucks to customers in Europe that it knew or had reason to know were ultimately intended for buyers in Iran. The transactional value of the 63 trucks was $5,426,428.

Total Fine
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
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