OFAC Settles with Alliance Steel, Inc. for $435,003 with Respect to Potential Civil Liability for Apparent Violations of the Iranian Transactions and Sanctions Regulations

April 19, 2021

Alliance Steel, Inc. (“Alliance”), a designer and manufacturer of prefabricated steel structures based in Oklahoma City, Oklahoma, has agreed to pay $435,003 to settle its potential civil liability for 61 apparent violations of OFAC regulations related to its importation of engineering services from an Iranian engineering company. Alliance maintained an ongoing business relationship with the Iranian company over a period of approximately five years. This settlement amount reflects OFAC’s determination that Alliance’s conduct was non-egregious and voluntarily self-disclosed, and further reflects Alliance’s remedial response and cooperation with OFAC throughout this investigation.