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The agency can levy sanctions if there are too many violations.
The United States levied sanctions earlier this month against two senior Turkish officials.
Last week, the Treasury levied sanctions on an Iranian carrier, Mahan Air, which officials said ferried weapons for the Quds Force.
UEFA, European football's governing body, has not yet announced whether it will levy sanctions on either team.
The official, Pascal Lamy, delivered a similar warning in November as the Europeans were preparing to levy sanctions against the United States for tariffs on steel imports.
They would have to decide whether to accept the results or retract recognition of the Fujimori government and levy sanctions until new elections are called.
After the European Union and the United States levied sanctions against Russia, the country began signing high-profile gas and trade agreements with China.
Washington has levied sanctions against Chinese companies for selling such materials to Iran, and officials say such trade continues, especially in dual-use materials and equipment.
The panel has no power to levy sanctions or otherwise punish companies, but opponents of the list say it could put pressure on the U.N. Security Council to follow up.
As Consumer Affairs Commissioner, from 1990 to 1993, Mr. Green had regulatory control over more than 50 industries and had the capacity to open investigations and levy sanctions.
To some observers, the relatively quick resolution to the Manziel case, and the comparatively light penalty, could add to criticism of the N.C.A.A.'s enforcement process, which has been chided for being unequal in levying sanctions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com