On Monday (28 November 2022), OFAC announced a settlement with Payward, Inc. d/b/a Kraken, a Delaware-incorporated virtual currency exchange. Kraken has agreed to pay $362,158.70 to settle its potential civil liability for apparent violations of US sanctions on Iran. It has also agreed to invest $100,000 in certain sanctions compliance controls. Enforcement Release & Notice. It is alleged that, between …
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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 &...
Iran
United States