Knight Industries OFAC Settlement: $17.5K (2008)

Last updated: July 20, 2026

Knight Industries and Associates, Inc. settled alleged violations of the Iranian Transactions Regulations by remitting $17,469.63 to OFAC. The alleged violations occurred between November 2003 and June 2007, when goods in the form of material handling systems were exported to Iran without an OFAC license. Knight self-disclosed the matter to OFAC and instituted a comprehensive U.S. sanctions compliance program to avoid sanctions violations in the future.

Penalty Amount

$17,469.63

Enforcement Date

May 29, 2008

Rank in Top Penalties

#441

Case Details

Type:: Entity
Name:: Knight Industries and Associates, Inc.
Country:: 🇺🇸 United States
Industry:: Machinery & Equipment
Address:: Auburn Hills, MI
Penalty amount:: $17,469.63
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: November 2003 to June 2007
Program:: Iranian Transactions Regulations
Enforcement date:: May 29, 2008

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

SHA-256: 85f2b86750423bf5063befed865110100672e2a345cedcb47f32492f8a9fa852