OFAC reaches $4.1m settlement with Berkshire Hathaway Inc

OFAC has announced that Berkshire Hathaway, Inc, a Nebraska based multinational conglomerate holding company, has agreed to pay $4,144,651 (on behalf of itself and its Turkish subsidiary Iscar Kesici Takim Ticareti ve Imalati Limited Sirket) to settle civil liability for 144 violations of the Iranian Transactions and Sanctions Regulations (ITSR), which took place between 2012 and 2016. Despite changes to …

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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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