Tyco Valves & Controls OFAC Settlement: $450.9K (2007)

Last updated: July 20, 2026

Tyco Valves & Controls Middle East, Inc. settled allegations of violations of the Iranian Transactions Regulations, remitting $450,905.50 to OFAC. Between April 2001 and November 2005, Tyco acted without an OFAC license or outside the scope of its license by exporting goods from outside the United States to Iran. Tyco voluntarily disclosed this matter to OFAC and enhanced its compliance program.

Penalty Amount

$450,905.50

Enforcement Date

February 13, 2007

Rank in Top Penalties

#145

Case Details

Type:: Entity
Name:: Tyco Valves & Controls Middle East, Inc.
Country:: 🇦🇪 United Arab Emirates
Industry:: Machinery & Equipment
Address:: Dubai, United Arab Emirates
Penalty amount:: $450,905.50
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settlement
Violation period:: April 2001 to November 2005
Program:: Iranian Transactions Regulations
Enforcement date:: February 13, 2007

Official Source Documents

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Archived on June 13, 2026

SHA-256: c54c8229d60d259f675d221929dd498d00a35c85d0af26297f09336bfa686ff8