OFAC reaches $665k settlement with UAE company

OFAC has announced that UAE-based Essentra FZE Company has agreed to pay $665,112 to settle civil liability for 3 violations of the North Korea Sanctions Regulations, 31 CFR part 510 (NKSR). Settlement Agreement and Web Notice. Between September and December 2018, Essentra exported cigarette filters to North Korea through a network of front companies in China and other countries. Essentra …

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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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