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Violation Tracker Individual Record

Company: Construction Specialties Inc.
Penalty: $660,954
Year: 2023
Date: August 16, 2023
Offense Group: financial offenses
Primary Offense: economic sanction violation
Violation Description: Construction Specialties Inc., a company headquartered in New Jersey that sells specialized building materials, agreed to pay $660,594 to settle its subsidiary's potential civil liability for three apparent violations of OFAC sanctions on Iran. The conduct at issue occurred when the company's wholly controlled United Arab Emirates (UAE) subsidiary, Construction Specialties Middle East L.L.C., imported building materials from the United States to the UAE and then knowingly reexported them to Iran.
Level of Government: federal
Action Type: agency action
Agency: Office of Foreign Assets Control
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.