By Maya Lester QC & Michael O’Kane

OFAC announces $1.7m settlement with PACCAR

OFAC has reached a $1,709,325 settlement with PACCAR Inc, a company headquartered in Bellevue, Washington, to settle its civil liability for 63 apparent violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 on the part of DAF Trucks, a subsidiary of PACCAR based in the Netherlands. On 3 occasions between October 2013 and February 2015, “DAF sold …

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About Maya Lester QC

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Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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