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US DOJ seeks forfeiture of $20m relating to Iran sanctions violations
A forfeiture complaint has been filed in a federal court in Alaska alleging that over $20m of assets are subject to forfeiture based on violations of the International Emergency Economic Powers Act (IEEPA) and foreign bank fraud. Press release. The complaint alleges that Kenneth Zong (a US citizen) used fraudulent transactions to convert approximately $1bn of Iranian-owned funds held in …
Iran
United States
United Arab Emirates
South KoreaAbout 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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