Want to create an interactive transcript for this episode?
Podcast: Corruption Crime & Compliance
Episode: Episode 202 -- A Deep Dive into the Alfa Laval OFAC Enforcement Case
Description: In two separate enforcement actions, OFAC announced settlements with Alfa Laval Middle East Ltd., a Dubai, UAE company (AL Middle East), and Alfa Laval, Inc., a Virginia-based company (AL US) for violations of OFAC’s Iran Sanctions Program. AL US enlisted its then subsidiary (now operating unit), Alfa Laval Tank, Inc, based in Exton, Pennsylvania (AL Tank), to participate in the scheme.
The Alfa Laval enforcement action underscores the dangers for global companies in compliance with US-based sanctions programs as part of global operations. The parent company, Alfa Laval AB is based in Sweden (AL Sweden). AL Mid...