The U.S. Treasury Department on Wednesday announced it has fined California-based Satellite equipment firm Sea Tel Inc more than $85,000 for allegedly violating U.S. sanctions against Iran between November 2007 and February 2009. Sea Tel, which according to its website does business as Cobham SATCOM, invoiced its distributor, Shindong Digitech Co Ltd in South Korea, for 16 orders of marine antenna systems worth more than $370,000 and exported them despite having "knowledge or reason to know that they were intended specifically for reexportation, directly or indirectly, to Iran," Treasury's Office of Foreign Assets Control (OFAC) said when issuing the fine. It added that the antenna systems were installed on vessels owned by the National Iranian Tanker Company, an Iranian entity, which "caused harm to sanctions program objectives." It said Sea Tel should have conducted sufficient due diligence " to determine the location of, and other information related to, the ultimate purchasers
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