Rice Lake settles Iran sanctions case with U.S. Treasury for $60,764
A U.S. sanctions enforcement action is targeting exports routed through a third country, with Rice Lake Weighing Systems agreeing to pay $60,764 over sales linked to Iran. The case centers on shipments made by the company’s Italian subsidiary between July 2019 and November 2021, and regulators classify the matter as voluntarily self-disclosed and non-egregious.
Highlights
- Rice Lake Weighing Systems and Italian subsidiary Dini Argeo S.r.l. settled with OFAC for $60,764 over eight apparent Iran sanctions violations.
- Dini exported weighing equipment between July 2019 and November 2021 to a UAE distributor with knowledge of eventual delivery to Iran.
- OFAC deemed the violations voluntarily self-disclosed and non-egregious, limiting penalties but reinforcing compliance risk for industrial exporters using third-country intermediaries.
Settlement covers subsidiary exports to Iran
As reported by the U.S. Department of the Treasury's Office of Foreign Assets Control, Rice Lake Weighing Systems agrees to settle potential civil liability tied to eight apparent violations of U.S. sanctions on Iran. The Wisconsin-based weighing equipment manufacturer is resolving the matter alongside its Italian subsidiary, Dini Argeo S.r.l.OFAC says Dini exported weighing equipment to a distributor in the United Arab Emirates with knowledge that the goods were ultimately destined for an end-user in Iran. The transactions took place between July 2019 and November 2021, according to the agency.
Compliance implications for industrial exporters
The settlement highlights the sanctions risk for manufacturers using distributors and reexport channels in third countries. For industrial exporters, the case underscores that knowledge of an eventual destination can create exposure even when goods are first shipped to an intermediary market.OFAC determines that the apparent violations are voluntarily self-disclosed and non-egregious. That designation limits the scale of the penalty, but the action still signals continued scrutiny of cross-border sales controls involving Iran.
Continental Aerospace Technologies’ PPP loan settlement was previously covered by our publication, detailing how the company agreed to pay $11.77 million to resolve allegations it improperly obtained pandemic relief funds. Our earlier report explained that U.S. authorities alleged the firm failed eligibility rules tied to affiliate employee counts and ownership, and that the case also included a whistleblower recovery under the False Claims Act.
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