OFAC fines HyperBranch for sanctions violations

OFAC has fined HyperBranch Medical Technology Inc., a US medical goods company, $107,691.30 for apparent violations of US sanctions on Iran. HyperBranch is said to have exported thousands of units of medical goods to its distributor in the UAE, with knowledge or reason to know that the goods were ultimately destined for Iran. In its enforcement notice, OFAC said that...