Aero Systems Engineering, Inc. OFAC Settlement: $1K

Last updated: July 20, 2026

Aero Systems Engineering, Inc. settled alleged violations of the Libyan Sanctions Regulations, remitting $1,000 to OFAC. The violations concerned an unauthorized funds transfer initiated during June 2003 to an entity that was a Specially Designated National of Libya at the time of the transfer.

Penalty Amount

$1,000.00

Enforcement Date

September 6, 2006

Rank in Top Penalties

#957

Case Details

Type:: Entity
Name:: Aero Systems Engineering, Inc.
Country:: 🇺🇸 United States
Industry:: Aviation
Address:: St. Paul, MN 55107
Penalty amount:: $1,000.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settlement
Violation period:: From June 2003
Program:: Libyan sanctions
Enforcement date:: September 6, 2006

Nature of the Apparent Violations

ASE initiated an unauthorized funds transfer destined for Ai Ain Air Conditioning and Refrigeration Co.'s account at Arab Bank for Investment and Foreign Trade, which at the time of this funds transfer was a Specially Designated National of Libya. The transfer occurred during June 2003.

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

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