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Parts Maker To Pay OFAC $216K Over Iran Sanctions Breach

By Al Barbarino ( March 15, 2021, 10:36 PM EDT) -- A Cleveland-based manufacturer of commercial and industrial products has agreed to pay more than $216,000 for making shipments to European countries that were ultimately destined for Iran, amounting to "apparent violations" of federal regulations prohibiting trade with the Mideast nation, the U.S. Office of Foreign Assets Control announced Monday....

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