By Maya Lester QC & Michael O’Kane

OFAC reaches £216k settlement with UniControl

OFAC has announced that UniControl, an Ohio-based manufacturer, has agreed to pay $216,464 to settle its civil liability for violations of the Iran Transactions and Sanctions Regulations (ITSR). Between July 2013 and March 2017, UniControl exported to 2 European companies 21 shipments of air pressure switches worth $687,189. UniControl had reason to know that 19 of these shipments were intended …

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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