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Oxbow Carbon and Minerals LLC settled alleged violations of the Iranian Transactions Regulations, agreeing to remit $276,250.00 to resolve allegations arising from transactions occurring on or about November 2006 through October 2007.
Penalty Amount
$276,250.00
Enforcement Date
June 30, 2009
Rank in Top Penalties
#171
OFAC alleged that Oxbow engaged in transactions in or related to services of Iranian origin and facilitated trade-related transactions by non-U.S. persons which involved the use of vessels owned and/or managed by the Islamic Republic of Iran Shipping Lines in Tehran, Iran, without an OFAC license. The alleged violations occurred on or about November 2006 through October 2007.
Oxbow did not voluntarily disclose the alleged violations to OFAC. The matter was resolved according to the prior enforcement guidelines published by OFAC at 68 Fed. Reg. 4422.
Oxbow demonstrated cooperation during OFAC's review of the matter and as a remedial measure made revisions to its compliance program.
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Archived on June 13, 2026
SHA-256: b1bf3d00554840aa56926d99f39f00853b4e21f7f0f8d93be113d4b3ba5c0d84