OFAC reaches settlement with Italian heating company over Iran exports

29 March 2021

OFAC reaches settlement with Italian heating company over Iran exports

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)....

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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 & Peters and as a prosecutor...

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