Wireless Network Co. Resolves Iran Sanctions Claims

Law360, New York (March 7, 2014, 3:24 PM EST) -- Ubiquiti Networks Inc. has agreed to settle claims it sold broadband wireless products that eventually ended up in Iran, in violation of U.S. sanctions, the U.S. Department of the Treasury announced Thursday.

The Treasury's Office of Foreign Assets Control said it had reached a settlement with Ubiquiti — a San Jose, Calif.-based company that sells high-end wireless network products and video surveillance equipment — to resolve several potential violations of U.S. sanctions against Iran. The company agreed to pay $504,225 to clear itself of possible civil...
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