Latest / Trade Compliance Brief - Export Control and Sanctions Insights
OFAC Enforcement Extreme Networks: Navigating M&A Sanctions Risks & Intermediary Evasion
Summary of the Case: In October 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a $1,529,685 settlement with North Carolina-based cloud networking provider Extreme Networks Inc. The penalty resolves apparent violations of the Ukraine-/Russia-Related Sanctions Regulations arising from exports of U.S.-origin hardware and software to a blocked Russian defense manufacturer, JSC Moskovskiy Mashinostroitelniy Zavod Avangard (MMZA), via its parent company Almaz Antey. Despite a voluntary self-disclosure, OFAC classified the violations as egregious due to…
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