Kollmorgen Corporation

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

Kollmorgen Corporation (“Kollmorgen”), a company based in Radford, Virginia, on behalf of its Turkish affiliate, Elsim Elektroteknik Sistemler Sanayi ve Ticaret Anonim Sirketi (“Elsim”), has paid $13,381 to settle potential civil liability for six apparent violations of the Iranian Transactions and Sanctions Regulations. Between July 2013 and July 2015, Elsim appears to have violated § 560.215 of the ITSR when, on six occasions, Elsim serviced machines containing Elsim products located in Iran and provided products, parts, or services valued at $14,867 with knowledge they were destined for Iranian end-users.

Fine:
Total Fine
$13,381.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$13,381.00
Source:
Treasury, “Enforcement Information For February 7, 2019.”
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