OFAC announces 2 fines for violations of Iran and Cuba sanctions

OFAC has announced two settlement agreements relating to violations of US sanctions on Iran and Cuba. Aban Offshore Limited Aban has agreed to pay $17,500 for violating US sanctions on Iran in 2008 when its Singapore subsidiary ordered oil rig supplies from the US, with the intention of re-exporting them from the UAE to a rig in Iranian territorial waters....

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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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