US issues $1.1m penalty to individual for Iran sanctions violations

20 November 2024

US issues $1.1m penalty to individual for Iran sanctions violationsTupungato/Shutterstock.com

OFAC has announced a $1,104,408 penalty against an unnamed individual for 75 violations of OFAC Iran sanctions. Between 2019 and 2022, the person implemented a plan to purchase and renovate a hotel in Iran....

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Michael O'Kane

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. Michael was called…

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