OFAC settlement for Iran sanctions violations

OFAC has announced that an unnamed person has agreed to pay $133,860 to settle potential civil liability for 4 violations of the Iranian Transactions and Sanctions Regulations. Notice. The allegation is that, between February 2016 and March 2016, the person coordinated/facilitated the sale of clinker (a cement precursor) from an Iranian cement company to a project in a third country. …

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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