UNICORN PRIVATE Sanctions fines for metals, chemicals and commodities
In short
Published cases on this page: 4. Authorities: 2. Years: 2024 to 2026.
In the United States (OFAC, BIS) and in the United Kingdom (OFSI, since 15 June 2022) civil liability is strict: a company can be fined even if it did not know that the counterparty was sanctioned.
Amounts are shown in the currency of the decision and are never converted.
Good to know
- No case involving metals companies in the EU or the UK was found.
Cases
Cases shown: 4 of 4
| Sector | What happened | |||||
|---|---|---|---|---|---|---|
| Adani Enterprises LimitedCivil enforcement action (penalty or settlement) | India | Metals, chemicals and commodities | OFAC (US Treasury) | $275,000,000 | The company bought LPG from a Dubai trader that claimed Omani and Iraqi origin despite red flags that it came from Iran. Official source verified on November 13, 2026 | |
| Luminultra Technologies, Inc.Administrative settlementThe penalty concerns the US subsidiary of the Canadian group. | Canada | Metals, chemicals and commodities | BIS (US Department of Commerce) | $685,051 | The company shipped testing devices and kits to a distributor in Tehran, naming a Dubai freight forwarder to hide the destination. Official source verified on November 13, 2026 | |
| Unicat Catalyst Technologies, LLCCivil enforcement action (penalty or settlement)Amount of the OFAC decision only. | United States | Metals, chemicals and commodities | OFAC (US Treasury) | $3,882,797 | The former CEO and staff supplied catalysts and services to customers in Iran and sold goods to a blocked Venezuelan company. Official source verified on November 13, 2026 | |
| SCG Plastics Co., Ltd.Civil enforcement action (penalty or settlement) | Thailand | Metals, chemicals and commodities | OFAC (US Treasury) | $20,000,000 | The company routed $291m of dollar payments through US banks for sales of Iranian-origin resin made by a joint venture in Iran. Official source verified on November 13, 2026 |
Select a column heading to sort the table. Amounts are shown in the currency of the decision and are never converted.
Totals by year and by authority
Sums of the amounts imposed on companies in this list, by currency, never converted. Not included: breaches published without a fine, anti money laundering penalties, confiscations and amounts imposed on individuals. A total marked about or more than includes an amount that the source gives as approximate or as a minimum.
By year
| Year | Cases | Total |
|---|---|---|
| 2026 | 1 | $275,000,000 |
| 2025 | 2 | $4,567,848 |
| 2024 | 1 | $20,000,000 |
By authority
| Authority | Cases | Total |
|---|---|---|
| OFAC (US Treasury) | 3 | $298,882,797 |
| BIS (US Department of Commerce) | 1 | $685,051 |
Frequently asked questions
Have companies in this sector been fined for sanctions violations?
This page lists 4 published cases. The largest amounts are: Adani Enterprises Limited (OFAC (US Treasury), May 18, 2026): $275,000,000; SCG Plastics Co., Ltd. (OFAC (US Treasury), April 19, 2024): $20,000,000; Unicat Catalyst Technologies, LLC (OFAC (US Treasury), June 16, 2025): $3,882,797. No case involving metals companies in the EU or the UK was found.
Can a company be fined without knowing that the counterparty was sanctioned?
In the United States and in the United Kingdom, yes, for civil penalties. OFAC states that a US person may be held civilly liable even without having knowledge or reason to know of the violation; BIS civil liability is also strict; since 15 June 2022 OFSI no longer has to prove that a person knew or had reasonable cause to suspect. In the EU the directive requires intent, and serious negligence is enough for military and dual-use goods. In Canada a wilful violation is required. Example from this list: Pegasus Worldwide Logistics (OFAC, 9 October 2026) arranged a shipment of equipment from a sanctioned Chinese supplier without noticing, because of gaps in its checks.
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List not exhaustive, based on public official sources. Date of the last verification: November 13, 2026.
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