By Maya Lester KC & Michael O’Kane

OFAC $870k settlement with MID-SHIP Group

OFAC has reached a $871,837 civil settlement with MID-SHIP Group for five apparent violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations. OFAC Notice, Settlement Agreement and Enforcement Information. The settlement alleges that in 2011, MID-SHIP, acting as a ship broker,  processed funds transfers totalling $472,861 relating to payments associated with blocked vessels identified on OFAC’s SDN list as...

This content is for subscribers only

To continue reading please login or subscribe.

United StatesUnited States

About Michael O'Kane

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
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 &...

See profile for Michael O'Kane >

Share this page on: