ZAG IP, LLC (f/k/a Zag International LLC)

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
Between on or about July 11, 2014, and on or about January 15, 2015, through five separate transactions, ZAG purchased a total of 263,563 metric tons of Iranian origin clinker from a company located in the United Arab Emirates, with knowledge that the cement clinker was sourced from Iran, and then resold and transported it to a company in Tanzania.
Fine:
Total Fine
$506,250.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$506,250.00
Source:
Treasury, “Enforcement Action For February 21, 2019.”
Back to Iran Violation and Penalties Tracker