OFAC fines World Class Technologies for Iran sanctions violations

World Class Technology Corporation (WCT), a US manufacturer of metal components, has agreed to pay $43,200 to settle its civil liability for violating US sanctions by allegedly exporting 7 shipments of orthodontic devices to Germany, the UAE, and Lebanon with knowledge or reason to know that they were intended for reexportation to Iran. OFAC determined…

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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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