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Washington trucking company pays $1.7M OFAC penalty
OFAC has announced that PACCAR Inc., Bellevue, Washington, has agreed to pay $1,709,325 to settle potential civil liability for 63 apparent violations of the Iranian Transactions and Sanctions Regulations for selling or suppling 63 trucks to customers in Europe that it knew or had reason to know were ultimately intended for buyers in Iran. OFAC determined that PACCAR voluntarily disclosed the apparent violations, and that the apparent violations constitute a non-egregious case. The base penalty amount for the apparent violations is $2,713,214.