OFAC SDN List Update: North Korea and Cyber-related Designations; Counter Terrorism Designation Update; Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Harman International Industries, Inc.

U.S. Department of the Treasury sent this bulletin at 07/08/2025 02:00 PM EDT

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Update to OFAC's list of Specially Designated Nationals (SDN) and Blocked Persons; Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Harman International Industries, Inc.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $1,454,145 settlement with Harman International Industries, Inc. Harman agreed to settle its potential civil liability for 11 apparent violations of OFAC sanctions on Iran. Over a period of more than two years, overseas employees of a U.S. subsidiary of Harman enabled the diversion of its products from its United Arab Emirates distributor to Iran. The settlement amount reflects OFAC's determination that the apparent violations were egregious and voluntarily self-disclosed. For more information, please see the following Enforcement Release and settlement agreement.

Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List. Please visit this link for more information on today's update.