Shipping firm Blue Sky Blue Sea, Inc. to pay $518,063 for settlement

Yesterday, the US department of Treasury's OFAC has announced civil monetary penalty for the US shipping firm Blue Sky Blue Sea, Inc., doing business as American Export Lines and International Shipping Company and collectively referred as "AEL" for more than half-a-million dollars.

From 2010 to 2012, AEL appears to have violated Iranian Transactions and Sanctions Regulations (ITSR), 31 C.F.R. Part 560, by transshipping used and junked cars and parts from the United States via Iran to Afghanistan on 140 occasions.

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