Maersk Line Pays $3M Over Iran, Sudan Shipments

Law360, New York (July 30, 2010, 4:51 PM EDT) -- Maersk Line Ltd. has paid more than $3 million to settle allegations that it violated U.S. sanctions against Sudan and Iran, but the company dodged far stiffer fines by cooperating with authorities, the U.S. Department of the Treasury has announced.

The Norfolk, Va.-based maritime giant and its Farrell Lines Inc. and E-Ships Inc. subsidiaries paid $3.09 million to settle government claims that they provided 4,714 unlicensed shipments originating in or bound for Sudan and Iran, Treasury's Office of Foreign Assets Control said Wednesday.

"We recognize our...
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