An executive at a Turkish subsidiary of an American company and the US parent firm have been simultaneously sanctioned for violating sanctions against Iran, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Thursday.
“This action is a clear warning that anyone in supervisory or managerial positions who directs staff to provide services, falsify records, commit fraud, or obstruct an investigation into sanctions violations exposes themselves to serious personal risk,” the Treasury said in a press release.
From July 2013 to July 2015, Evren Kayakiran served as managing director of a Turkish company that had been purchased by an American firm, the release said. In that capacity, Kayakiran ordered his employees to travel to Iran and service the company’s motion measuring machinery.