The Dubai subsidiary of a Swedish manufacturer will pay $415,695 to settle charges it violated U.S. sanctions when it shipped storage tank cleaning units to an Iranian company.

According to the Department of the Treasury’s Office of Foreign Assets Control (OFAC), Alfa Laval Middle East, a subsidiary of Alfa Laval AB, sold $18,585 worth of Gamajet-brand storage tank cleaning units to an Iranian company in March 2016.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...