OFAC agrees settlements with Acteon for Cuba and Iran sanctions violations

Two settlements of $227,500 and $213,866, respectively, have been agreed between OFAC and the Acteon Group, a subsea service provider in the oil and gas industry. See OFAC Notice and Enforcement Information. (1) Acteon and 2H Offshore Engineering, its subsidiary, settled their civil liability for 7 apparent violations of the Cuban Assets Control Regulations, 31 C.F.R. part 515 (CACR). Between...

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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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