Who was sanctioned, and for what?

Californian musical instrument manufacturer Córdoba Music Group LLC is paying USD 41,591 under a settlement with OFAC for apparent violations of the Iran sanctions. According to OFAC's findings, between November 2019 and March 2022 the company made nine shipments of instruments and accessories worth USD 118,831 to a trading company in Dubai, knowing that the goods were destined for an Iranian distributor. According to OFAC, the company apparently did not realise, partly owing to a lack of compliance training, that indirect exports to Iran were prohibited. This came to light after the company was acquired by a new owner. OFAC treated the apparent violations as non-egregious and voluntarily self-disclosed; the base penalty was USD 59,416. Source: U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC), enforcement release "Córdoba Music Group LLC Settles with OFAC for $41,591 Related to Apparent Violations of the Iranian Transactions and Sanctions Regulations", 18 December 2024, https://ofac.treasury.gov/media/933726/download?inline; summarised in our own words.

Authority / court

U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC)

Area of law

Sanctions and export control · Breaches of sanctions and embargoes

Legal basis

Iranian Transactions and Sanctions Regulations, 31 C.F.R. § 560.204(a) (neun Lieferungen); Vergleich nach den Economic Sanctions Enforcement Guidelines, 31 C.F.R. part 501, app. A

Action

Fine

Status of proceedings

final

Sector

Other

Published

18 Dec 2024

Original amount 41,591 USD, converted at the ECB reference rate of 18 Dec 2024.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

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