Miami Aircraft Company Pays $225,000 Fine for Lying to OFAC

Pinnacle Aircraft Parts, Inc., based in Miami, Florida, just paid $225,000 to the U.S. Office of Foreign Assets Conrtrol ("OFAC") regarding OFAC's investigation of a jet engine that may been shipped to Iran. This case is unique in that OFAC did not assess the fine because the jet engine was shipped to Iran, but because Pinnacle Aircraft Parts failed to properly comply with it subpoena to provide all records about that shipment.