OFAC investigating Frequency Electronics over potential sanctions breaches

Frequency Electronics, a New York-based satellite communications company, has disclosed in its annual report that OFAC has commenced an investigation into certain sales to and payments from Morion. Morion is a subsidiary of Gazprombank, a Russian state-owned financial institution, which became subject in July 2014 to US sectoral sanctions pursuant to Executive Order (E.O.) 13662. Frequency Electronics allowed Morion to …

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About 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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