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 …

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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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