Virginia-based electronics maker Cobham Holdings Inc. has received a nearly $90,000 lesson from the U.S. Treasury Department's Office of Foreign Assets Control about the dangers of relying too heavily on third-party screening software to detect compliance-related issues.

Trade lawyers said the case presents a cautionary tale for other companies that may be similarly relying on automated screening without additional vetting procedures.

Cobham agreed Nov. 27 to pay $87,507 to settle potential civil liability over three shipments of electronics to a Russian entity that was 51 percent owned by a company that OFAC had blocked under the Ukraine-/Russia-related sanctions program.