Rice Lake Weighing Systems reaches OFAC settlement for Italian subsidiary’s Iran sanctions breaches

14 August 2026

Rice Lake Weighing Systems reaches OFAC settlement for Italian subsidiary’s Iran sanctions breachesFly of Swallow Studio/Shutterstock.com

A US company has agreed to pay $60,764 to settle its and its Italian subsidiary’s potential liability for breaching US sanctions on Iran. OFAC’s compliance considerations from this case: The compliance failures of a...

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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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