OFAC investigating Taiwanese bank Iran payments

Mega International Commercial Bank, headquartered in Taipei, has disclosed in a US Securities and Exchange Commission filing that OFAC is investigating payments between Iran and Taiwan that may have been processed through its New York branch’s clearing mechanism between October 2011 to October 2018. According to the filing, the bank self-disclosed the issue to OFAC, and as of the reporting …

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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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