A Connecticut-based audio electronics company will pay a $1.4 million fine for violating U.S. sanctions, after middle managers at a foreign distributor knowingly diverted the company’s products to Iran.
Harman International Industries self-reported the violations to the Treasury’s Office of Foreign Assets Control (OFAC), which occurred from 2018-20 when a Dubai distributor sold about $148,000 worth of goods with the aid of sales team employees based in the U.K., OFAC said in its enforcement release.
