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Engineering Dynamics Inc. (EDI) settled alleged violations of the Iranian Transactions Regulations, remitting $132,791.39 to OFAC as part of a multi-agency settlement that also included the United States Attorneys Office, Eastern District of Louisiana and the Department of Commerce. EDI voluntarily disclosed this matter to OFAC.
Penalty Amount
$132,791.39
Enforcement Date
May 29, 2008
Rank in Top Penalties
#220
OFAC alleged that EDI acted in a knowing and willful manner by importing and exporting unauthorized goods and services to and from Iran in the form of an engineering software program intended to assist in the design of offshore oil and gas structures. The violations occurred between March 2003 and February 2007.
EDI voluntarily disclosed this matter to OFAC. The settlement was reached as part of a multi-agency resolution that also included the United States Attorneys Office, Eastern District of Louisiana, and the Department of Commerce.
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Provided for informational purposes only and does not constitute legal or compliance advice. Always consult the source document directly rather than relying on this summary.
Archived on June 13, 2026
SHA-256: 85f2b86750423bf5063befed865110100672e2a345cedcb47f32492f8a9fa852