By Maya Lester KC & Michael O’Kane

JBT pays penalty for violation of US anti-nuclear proliferation sanctions

John Bean Technologies (JBT) has agreed to pay $391,950 in settlement of any potential civil liability for its violation of US anti-nuclear proliferation sanctions.  In its announcement of the penalty, OFAC stated that JBT’s violation was that it dealt in property that was blocked under the sanctions, namely a letter of credit for $2,897,936 that it presented to a US…...

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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