Wilson Tool International, Inc. OFAC Settlement: $15K

Wilson Tool sold and exported punch press tooling equipment to an entity in Iran without an OFAC license on or about September 12, 2005. The transaction value was $10,304.33.

OFAC determined that Wilson Tool did not voluntarily self-disclose this matter to OFAC and that the alleged violation constituted a non-egregious case. The base penalty amount for the alleged violation was $25,000. The settlement amount of $15,000 reflects OFAC's consideration of the facts and circumstances pursuant to the General Factors under OFAC's Economic Sanctions Enforcement Guidelines.

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