The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Alliance Steel, Inc. (“Alliance”), designer and manufacturer of prefabricated steel structures headquartered in Oklahoma City, Oklahoma. Alliance agreed to remit $435,003 to settle its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations. On at least 61 occasions between October 2013 and October 2018, Alliance knowingly imported engineering services from a third-party engineering company located in Tehran, Iran. Multiple members of Alliance senior management were aware of these transactions and participated in the approval process, which, in each transaction, included reviewing a two-page invoice containing the company’s permanent address in Tehran. For more information, please visit the following web notice.