By Maya Lester KC & Michael O’Kane

OFAC fines COSL Singapore for violating US sanctions on Iran

OFAC has announced a $415,350 settlement with Singaporean oilfield services company COSL Singapore, in respect of 55 apparent violations of US sanctions on Iran. COSL Singapore, through its subsidiary companies, is said to have exported or attempted to export oil rig supplies from the US to Singapore and the UAE, and from there to 4 separate oil rigs located in...

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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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