OFAC has announced that Nordgas, an Italian heating company, has agreed to pay $950,000 ($650,000 of which will be suspended) to settle its liability for violations of the Iranian Transactions and Sanctions Regulations (ITSR). This matter appears to be linked to OFAC’s recent settlement with UniControl (see post). Between March 2013 and March 2017, Nordgas procured air pressure switches for …
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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...
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