Illinois Company Has Export Privileges Suspended

On June 18, 2009, the Bureau of Industry and Security (BIS) issued a notice in Federal Register detailing the sentencing of TAK Components, Inc. (TAK), an Illinois firm that was convicted of 16 counts of the International Emergency Economic Powers Act (IEEPA) violations in October, 2007. 

TAK  exported from the U.S. to Iran, via the United Arab Emirates, replacement and service parts and equipment for agricultural machinery without the requisite authorization from the Department of Treasury's Office of Foreign Assets Control (OFAC). 

TAK was sentenced to one year probation for each count, to run concurrently, was ordered to pay a special assessment of $6,400, and forfeited $181,000 obtained from the illegal transactions. TAK's export privileges will be suspended until October 11, 2012.