OFAC reaches $11.4m settlement with IPI partners

3 December 2025

OFAC reaches $11.4m settlement with IPI partnersAzlan Stock/Shutterstock.com

The US Office of Foreign Assets Control (OFAC) has published details of an $11.4m settlement reached with IPI Partners, a Chicago private equity firm, to settle apparent violations of US sanctions on Russia. See...

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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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