LI-COR, Inc. OFAC Settlement: $2.3K (2008)

Last updated: July 20, 2026

LI-COR, Inc. settled allegations of violations of the Iranian Transactions Regulations after OFAC alleged the company attempted to send a funds transfer to Gulf Biosystems Trading LLC's Bank Saderat account without an OFAC license. The alleged violations occurred on or about November 7, 2005. LI-COR, Inc. remitted $2,315.02 to resolve the matter. LI-COR did not voluntarily disclose this matter to OFAC but has instituted a comprehensive U.S. sanctions compliance program.

Penalty Amount

$2,315.02

Enforcement Date

September 29, 2008

Rank in Top Penalties

#846

Case Details

Type:: Entity
Name:: LI-COR, Inc.
Country:: 🇺🇸 United States
Industry:: Hardware & Electronics
Address:: Lincoln, NE
Penalty amount:: $2,315.02
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settlement
Violation period:: From November 7, 2005
Program:: Iranian Transactions Regulations
Enforcement date:: September 29, 2008

Official Source Documents

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Archived on June 13, 2026

SHA-256: 287de0520faa05c7488a2e4fdd20a40bc847cfd0cf18d00fd1e83511c1297a87