Italian company Nordgas, a producer and seller of components for gas boiler systems and applications, will pay $950,000 for apparent violations of Iran sanctions, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Friday.

OFAC termed the violations “egregious.” The case appears to relate to another enforcement action by the regulator earlier this month against UniControl, an Ohio-based manufacturer of process controls and instrumentation.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...