OFAC issues a Finding of Violation to BMO Harris Bank NA

OFAC has issued a Finding of Violation to BMO Harris Bank NA (BMO) in connection with its predecessor, Marshall & Ilsley Bank (M&I), having processed $67,357 on behalf of a customer for the purpose of paying an outstanding balance owed to an Iranian entity, located in Iran, in relation to the purchase of Iranian carpets.  A general licence for the...

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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