BIS imposes $31m penalty on Nordic Maritime Plc

The US Commerce Department’s Bureau of Industry and Security has issued a final order imposing a monetary penalty of $31,425,760 on Singapore-based company Nordic Maritime Pte, and its chairman Morten Innhaug. Between May 2012 and April 2013, Nordic Maritime knowingly exported controlled US-origin maritime survey equipment to Iran without a licence, and subsequently used that equipment in Iranian territorial waters. …

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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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