Aggregated News From Investment Management Regulators

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Keysight Technologies, Inc.

Report/Flag

Please complete the required fields.



The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $473,157 settlement with Keysight Technologies Inc. (“Keysight”), a company based in Santa Rosa, California, as successor entity to Anite Finland OY  (“Anite”), based in Finland, which designs and sells test and measurement equipment, as well as related software products, to the wireless industry.  Keysight has agreed to settle its potential civil liability for Anite’s exportation of goods that incorporated 10 percent or more of U.S.-exported controlled content exported from the United States that was subject to U.S. licensing requirements for export or reexport to Iran under the Export Administrations Regulations, 15 C.F.R. §§ 730-774, with knowledge that such goods were destined for end-users in Iran.  Anite’s actions resulted in six apparent violations.  OFAC determined that Keysight voluntarily disclosed the apparent violations and that the apparent violations constitute an egregious case.

For more information, please visit the following web notice and settlement agreement.

Source link

Regulator Information

Abbreviation: OFAC
Jurisdiction: United States

Recent Articles

SEC, NASAA, and FINRA Offer Free Resource to Securities Firms to Assist in Detection, Prevention and Reporting of Financial Exploitation of Seniors

Regulators Providing Free Training in Recognition of World Elder Abuse Awareness Day; Program Aims to Assist Firms in Implementing Requirements of Senior Safe Act In recognition of World Elder Abus

Six Charged in Silicon Valley Insider Trading Ring

The Securities and Exchange Commission today announced insider trading charges against a Silicon Valley trading ring whose members generated nearly $1.

Portfolio Transfer from Yarden Uitvaartverzekeringen N.V. to Dela Natura- en levensverzekeringen N.V.

Yarden Uitvaartverzekeringen N.V. with its registered office at Transistorstraat 10, 1322 CE, Almere, the Netherlands, intends to transfer its entire life insurance portfolion by way...

Get the latest from Regulatory.News in your inbox!

×