US property company brings claim against OFAC following $7m fine

14 January 2026

US property company brings claim against OFAC following $7m fineBlackMac/Shutterstock.com

Gracetown Property Inc has started a claim against the US Office of Foreign Assets Control (OFAC) following a $7m enforcement penalty issued by OFAC for Gracetown’s breach of US sanctions on Russia. Gracetown was...

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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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