OFAC settlement with Sojitz (Hong Kong) Limited

Sojitz (Hong Kong) Limited, the Hong Kong-based arm of Japanese trading company Sojitz, has agreed to pay $5,228,298 as part of a settlement with OFAC to settle its potential liability for violations of the US Iranian Transactions and Sanctions Regulations (ITSR). OFAC Notice and Enforcement Release. It is alleged that, between August 2016 and May 2018, noncompliant employees caused Sojitz …

IranIran ChinaChina United StatesUnited States

About Maya Lester QC

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Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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