Civil Enforcement Information - York International Corporation

Date issued: May. 02 2008

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TURBOFAC Commentary (452 words)

Notes:

1) The parent company of York International provided further details surrounding the facts underlying this violation in a letter to the SEC dated March 16, 2016:

On May 17, 2006 and June 7, 2006, respectively, the Company submitted voluntary disclosures to OFAC and to BIS concerning the above-referenced sales made by York FZE. They included approximately 500 sales and service transactions with customers in Sudan and Iran during the September 28, 2001- January 12, 2006 period and four re-exports of U.S.-origin parts to Syria during the June 2004 - July 2005 period. The voluntary disclosure to OFAC was resolved through an April 23, 2008 settlement agreement under which York remitted $669,507 to settle allegations of violations of the Iranian Transactions Regulations, Sudanese Sanctions Regulations, and the Iraqi Sanctions Regulations The voluntary disclosure...