By Maya Lester KC & Michael O’Kane

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

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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