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Vesper Corporation settled allegations of violations of the Cuban Assets Control Regulations and the Iranian Transactions Regulations, remitting $23,800 to resolve the matter. Between October 2001 and October 2003, Vesper acted without an OFAC license or outside the scope of its license by exporting goods to Cuba and Iran. Vesper voluntarily disclosed this matter to OFAC and also appointed an Export Compliance Officer, adopted a written compliance policy, established formal compliance training, and amended its quotation and order entry procedures to refuse orders from sanctioned countries.
Penalty Amount
$23,800.00
Enforcement Date
February 13, 2007
Rank in Top Penalties
#390
Vesper appointed an Export Compliance Officer, adopted a written compliance policy, established formal compliance training, and amended its quotation and order entry procedures to refuse orders from sanctioned countries.
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Archived on June 13, 2026
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