Dutch Aerospace Services Providers Agrees to Forfeit $10.5 Million for IEEPA Violations

 On June 5, 2014, Fokker Services B.V., a Dutch aerospace services provider, agreed to forfeit $10.5 million to the United States for conspiring to violate the International Emergency Economic Powers Act (IEEPA) by engaging in illegal transactions involving the export of aircraft parts, technologies, and services to customers in Iran, Sudan, and Burma.  Fokker Services also entered into a parallel settlement agreement with the Commerce Department’s Bureau of Industry and Security (BIS) and the Treasury Department’s Office of Foreign Assets Control (OFAC). [1]