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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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OFAC settles apparent violation of Sudanese Sanctions

OFAC has announced a $145,893 settlement agreement with Ericsson, Inc. of Plano, Texas and Ericsson, AB of Stockholm, Sweden. The companies agreed to settle their potential civil liability for an apparent violation of the Sudanese Sanctions Regulations. The apparent violation involved employees of the companies conspiring together and with employees of a third company to export and reexport a satellite hub from the United States to Sudan and to export and reexport satellite-related services from the United States to Sudan in violation of the regulations. OFAC determined that the companies voluntarily self-disclosed the apparent violation, and that the apparent violation constitutes an egregious case.

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