The U.S. Treasury Department ("Treasury") Office of
Foreign Assets Control ("OFAC") sanctioned a Turkish individual as a
"Foreign Sanctions Evader" for allegedly instructing the
Turkish subsidiary of a U.S. company to violate U.S. sanctions
against Iran. The U.S. company settled potential civil liability for the
Turkish subsidiary's conduct. This marks the first case in
which OFAC designated a Foreign Sanctions Evader in relation to a
civil enforcement action.
Pursuant to
Executive Order 13608, OFAC sanctioned Evren Kayakiran for
causing six violations of U.S. sanctions against Iran. Mr.
Kayakiran was the managing director of a Turkish company that
"imports, distributes, and installs motion control
products." After the Turkish company was acquired in 2013 by
the U.S. company Kollmorgen Corporation ("Kollmorgen"),
Kollmorgen undertook compliance measures designed to make sure that
the newly acquired Turkish company complied with U.S. sanctions
requirements.
