OFAC has added two individuals (Reza Heidari and Mahmoud Seif) and four entities (ForEnt Technik GmbH, Pardazesh Tasvir Raya Co, Printing Trade Center GmbH and Tejarat Almas Mobin Holding) to its SDN list.
The individuals and entities have been designated for being part of a “network… involved in a large-scale scheme to help Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) counterfeit currency to support its destabilizing activities”. In particular, the network is stated to have “employed deceptive measures to circumvent European export control restrictions and [to have] procured advanced equipment and materials to print counterfeit Yemeni bank notes potentially worth hundreds of millions of dollars for the IRGC-QF”.
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,...See profile for Michael O'Kane >