By Maya Lester KC & Michael O’Kane

OFAC fines seed company $4.3m for Iran sanctions violations

PanAmerican Seed Company has agreed to pay $4.3m in settlement of its potential civil liability for violations of US sanctions on Iran. Between May 2009 and March 2012, it is said to have exported seeds, primarily of flowers, to 2 Iranian distributors on 48 occasions. OFAC said that PanAm Seed did not voluntarily disclose the alleged violations, and that they...

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About Michael O'Kane

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

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