Dresser-Rand Group OFAC Settlement: $171.3K (2006)

Last updated: July 20, 2026

Dresser-Rand Group, Inc. settled allegations of violations of the Cuban Assets Control Regulations, remitting $171,305.87 to OFAC. The alleged violations, occurring between April 2002 and June 2005, involved exporting goods and services to Cuba without an OFAC license or outside the scope of its license.

Penalty Amount

$171,305.87

Enforcement Date

September 6, 2006

Rank in Top Penalties

#201

Case Details

Type:: Entity
Name:: Dresser-Rand Group, Inc.
Country:: 🇺🇸 United States
Industry:: Machinery & Equipment
Address:: Olean, NY 14760
Penalty amount:: $171,305.87
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: April 2002 to June 2005
Program:: Cuban Assets Control Regulations
Enforcement date:: September 6, 2006

Nature of the Apparent Violations

OFAC alleged that Dresser-Rand acted without an OFAC license or outside the scope of its license by exporting goods and services to Cuba.

Compliance Takeaways

Dresser-Rand improved its compliance program and instituted compliance training for employees in sales, marketing, finance, management, and engineering functions.

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

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