Keysight Technologies, Inc.

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:

"Keysight Technologies, Inc. (“Keysight”), a company based in Santa Rosa, California, on behalf of its former Finnish subsidiary, Anite Finland Oy (“Anite”), has agreed to pay $473,157 to settle its potential civil liability for reexports of U.S. export-controlled test measurement equipment to Iran. Anite had business with Iran prior to its acquisition by Keysight in August 2015. After Keysight’s acquisition of Anite, and after Keysight implemented its policy to restrict sales to Iran, Anite employees nonetheless continued sales to Iran and obfuscated such sales from Keysight. Keysight and Anite subsequently implemented remedial measures intended to prevent future unauthorized sales."

Fine:
Total Fine
$473,157
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$473,157
Source:
Department of Treasury, "OFAC Settles with Keysight Technologies Inc., as Successor Entity to Anite Finland OY, with Respect to Potential Civil Liability for Apparent Violations of the Iranian Transactions and Sanctions Regulations," 9/24/2020.
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