Cobham Settles Iran Sanctions Violation Claims

Law360, New York (April 03, 2014, 2:30 PM ET) -- A subsidiary of aerospace communications provider Cobham PLC has settled claims that it violated U.S. sanctions by supplying an Iranian tanker operator with marine antenna systems, the U.S. Treasury Department's Office of Foreign Assets Control said Wednesday.

Sea Tel Inc., which does business as Cobham SATCOM, has agreed to pay $85,113 to settle allegations that it knowingly supplied 16 orders of marine antenna systems to a South Korean distributor that later sent the goods to the National Iranian Tanker Co.

“Sea Tel showed reckless disregard for...
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