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 …

IranIran United StatesUnited States

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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