Lanier Marine Liquidators OFAC Settlement: $13.5K

OFAC alleged that LML entered into contracts to sell boats and boat parts to an individual in Sudan, and attempted to export a boat and boat parts to Sudan valued at $30,460. The alleged violations occurred between March 2005 and March 2006 under the Sudanese Sanctions Regulations, 31 C.F.R. part 538.

The base penalty for the alleged violations was $50,000. OFAC determined that LML did not voluntarily disclose this matter to OFAC and that the alleged violations constituted a non-egregious case. The settlement amount of $13,500 reflects OFAC's consideration of General Factors under OFAC's Economic Sanctions Enforcement Guidelines: LML has no history of prior OFAC violations; LML substantially cooperated with OFAC's investigation of the alleged violations and entered into tolling agreements with OFAC; and LML took appropriate remedial action upon learning of the potential OFAC violations.

This page summarizes an OFAC enforcement case based on the document archived below. SanctionsLookup assumes no liability for errors, omissions, or inaccuracies in the original documents, this summary, or any changes made to the source documents at any time.

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.