By Maya Lester KC & Michael O’Kane

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

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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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