MasterCard handed Finding of Violation by OFAC

OFAC has issued a Finding of Violation to MasterCard for failing to report that it held bank accounts in which two Iranian banks, Bank Melli and Bank Saderat, had an interest during a period in which they were subject to US sanctions. Although it failed to report that it held the accounts when the banks were designated, MasterCard had previously...

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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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