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OFAC Announced Settlement Agreements with Two Companies for Iran and Sudan Sanctions Violations
Tuesday, August 23, 2016

US Treasury's Office of Foreign Assets Control announced settlement agreements with two different companies. First, HyperBranch Medical Technology, Inc. agreed to a US$107,691.30 settlement for apparent violations of the Iranian Transactions and Sanctions Regulations. Second, Alcon Laboratories, Inc., Alcon Pharmaceuticals Ltd. and Alcon Management, SA, Settle Potential Civil Liability agreed to a US$7.6 million settlement for apparent violations of the Iranian Transactions and Sanctions Regulations and the Sudanese Sanctions Regulations.

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