Dentsply Sirona Inc, a US company specialising in dental solutions, has agreed to pay OFAC $1,220,400 to settle allegations that it committed 37 violations of the Iranian Transactions and Sanctions Regulations. In particular, that, between November 2009 and July 2012, indirect subsidiaries of Dentsply Sirona Inc had exported 37 shipments of dental equipment and supplies from the US, to distributors in third-countries, with knowledge or reason to know that the goods were ultimately destined for Iran. OFAC determined that the case was not voluntarily disclosed and that the violations had constituted a non-egregious case. Click here for the OFAC enforcement information.
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 >