OFAC closed out 2022 with a late-night $4.3 million settlement with Danfoss A/S, a Danish manufacturer of refrigeration and cooling products for violations of the Iran, Syria and Sudan sanctions programs.  OFAC has had a productive year – implementing and enforcing Russian sanctions while continuing its aggressive sanctions enforcement program.  For 2022, OFAC had 16 settlements along with $42 million in penalties.  Danfoss’ violations involved...

The Department of Commerce’s Bureau of Industry and Security promised aggressive enforcement of export controls.  BIS’s promise extended beyond the Russian-Belarus export controls.  BIS has kept its promise. WEBs Electronics Trading Company In a recent charging letter, BIS stated that WEBS Electronics Trading Company, a United Arab Emirates company, violated U.S. export controls by shipping or trying to ship $50,000 worth of U.S.-origin telecommunications items...