By Maya Lester KC & Michael O’Kane

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. …

IranIran United StatesUnited States

About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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