US seizes $7m linked to an Iranian sanctions evasion scheme

We reported in June 2020 that the US had filed a forfeiture complaint in a federal court in Alaska alleging that over $20 million of Iranian assets were subject to confiscation based on violations of the International Emergency Economic Powers Act (IEEPA) and foreign bank fraud. The Department of Justice has announced that US has seized $7 million of those …

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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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