Articles Posted in Trade sanctions

 The Dutch aerospace firm Fokker Services B.V. violated  the Iranian Transactions and Sanctions Regulations and Sudanese Sanctions Regulations by exporting aircraft spare parts to Iranian customers that it either procured or had repaired in the United states specifically to fill an Iranian customer order.The U.S. Treasury has fined  Fokker Services $21 million for the violations but a Federal Judge may not accept the settlement, as it appears to little.The Treasury said that the potential penalty could have been up to $51 million, based on the  1,150 specific sanctions violations between 2005 and 2010.

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