The U.S. Office of Foreign Asset Controls (OFAC) announced a $14,550,000 settlement with Germany-based industrial equipment supplier Aiotec GmbH for violating the Iranian Transactions and Sanctions Regulations (ITSR). Between 2015 and 2019, Aiotec conspired to cause a U.S.-based company to sell an Australian polypropylene plant to Iran, with payment routed through U.S. financial institutions.