18.97.14.85 US $14.5m settlement for breaches of Iran sanctions | Global Sanctions

US $14.5m settlement for breaches of Iran sanctions

4 December 2024

US $14.5m settlement for breaches of Iran sanctionsCasimiro PT/Shutterstock.com
18.97.14.85

OFAC has announced a $14.55m settlement with Aiotec GmbH for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR). Aiotec is said to have participated in a conspiracy from 2015 to 2019 to cause...

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Maya Lester KC

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 rights & civil liberties. She has a particular expertise in sanctions...

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