Construction Specialties Inc. (“CS”), a company headquartered in New Jersey that sells specialized building materials, has agreed to pay $660,594 to settle its UAE subsidiary’s potential civil liability for 3 apparent violations of OFAC sanctions on Iran (notice, settlement agreement). The violations were discovered by CS when an employee of the UAE subsidiary overheard senior managers reference US-origin goods for …
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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...
Iran
United States