The Lubrizol Corporation OFAC Settlement: $5.5K (2006)

Last updated: July 20, 2026

The Lubrizol Corporation settled allegations of violations of the Iranian Transactions Regulations by remitting $5,500 to OFAC. The violations occurred between July 2001 and April 2005, when Noveon Inc., Lubrizol's acquired subsidiary, acted without an OFAC license or outside the scope of its license by facilitating trade with Iran. Lubrizol voluntarily disclosed this matter to OFAC.

Penalty Amount

$5,500.00

Enforcement Date

September 6, 2006

Rank in Top Penalties

#678

Case Details

Type:: Entity
Name:: The Lubrizol Corporation
Country:: 🇺🇸 United States
Industry:: Chemicals
Address:: Wickliffe, OH 44092
Penalty amount:: $5,500.00
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: July 2001 to April 2005
Program:: Iranian Transactions Regulations
Enforcement date:: September 6, 2006

Official Source Documents

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Archived on June 13, 2026

SHA-256: 02627ddf67b3b6c908ca1d43b22771b3d4141013138cd2fb10ee82e23ff0f0d9