Medical Co. Settles With US Over Iran Embargo Violations

Law360, New York (October 01, 2013, 7:03 PM ET) -- A California-based medical instrument company has agreed to settle allegations brought by the U.S. Department of Commerce that it flouted U.S. export regulations by shipping more than $1.4 million worth of ultrasound equipment that eventually ended up in Iran.

United Medical Instruments Inc. will be assessed $500,000 in civil penalty payments, all of which will be suspended for a two-year probationary period and waived by the government if the company does not commit any export violations during that time, according to documents disclosed by the DOC's Bureau of...
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