Flowserve Corporation and ten of its foreign affiliates have agreed to pay a civil penalty totaling $2.5 million to settle 288 charges for violating the Export Administration Regulations by making unlicensed exports and reexports of pumps, valves and related components to Iran and Syria and other countries. Flowserve is headquartered in Irving, Texas, and is a supplier of goods and services to the oil, gas, chemical, and other industries.

BIS alleged that between 2002 and 2008, Flowserve and six of its foreign affiliates made unlicensed exports and reexports to a variety of countries, including China, Singapore, Malaysia and Venezuela, of items classified under Export Control Classification Number 2B350 and controlled for reasons of chemical and biological weapons proliferation. BIS also alleged that six of Flowserve's foreign affiliates caused the transshipment of EAR99 items to Iran and/or the reexport of EAR99 items to Syria without the required U.S. Government authorization.

 In a related case, the Department of Treasury's Office of Foreign Assets Control (OFAC) settled charges with Flowserve alleging a total of 58 violations of its Iranian, Cuban and Sudanese sanctions programs. Flowserve agreed to pay a $502,408 civil penalty to resolve the OFAC charges.  

"FLOWSERVE voluntarily disclosed the export violations which led to the above-referenced penalties."