Before acquiring a Chinese power tool company, Stanley Black & Decker Inc. took several steps to discourage the business from continuing to export its products to Iran, including training employees about the Foreign Corrupt Practices Act and sanctions violations.

But Stanley Black & Decker’s efforts were ultimately insufficient, according to the Treasury Department and its Office of Foreign Assets Control, which has reached a $1.8 million settlement with the New Britain, Connecticut-based tool company.

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