Region: Iran, Islamic Republic of

US eyeing Iran for Russian sanctions, export control evasion

A joint alert between FinCEN and the Bureau of Industry and Security signals an increased focus on the role of Iran among other third-party countries in the evasion of Russian sanctions.

03 July 2023

Huawei gears up to challenge US criminal charges

The company will argue that it has been unfairly prosecuted because of “an illicit animus towards Huawei specifically and Chinese companies more broadly”.

12 June 2023

California cosmetics company to pay $3.3 million for “egregious” US sanctions breaches

OFAC also struck a rare individual settlement with a former senior executive at the Unilever-owned company over their role in the alleged violations of Iranian sanctions.

18 May 2023

Supreme Court allows DOJ’s Halkbank case to continue

The highest court in the US sent the case back to an appeals court to reconsider whether the Turkish state lender is immune from criminal charges.

20 April 2023

Sanctions docket: Taiwan, Brunei companies convicted over Iran tech sales

In a round-up of the latest sanctions developments, two businesses have pleaded guilty to conspiring to breach US sanctions against Iran, and Canada has purportedly set its sights on the assets of a sanctioned Russian airline.

19 April 2023

Estonia charges ex-Danske Bank managers

Featured in In-house

Estonian public prosecutors have charged six former Danske Bank executives with helping the Danish lender’s clients launder over $1.6 billion between 2007 and 2015.

17 April 2023

California resident sentenced to four years for violating Iran sanctions

An Iranian resident of California will spend four years in prison for violating sanctions by providing financial services that supported the government of Iran’s attempts to kidnap a dissident journalist.

10 April 2023

Microsoft to pay $3 million for sanctions, export controls violations

The technology company self-disclosed sales of its products to sanctioned entities in Cuba, Iran, Syria, Russia and Ukraine.

06 April 2023

US crypto platform settles OFAC investigation

California-based Uphold HQ has become the latest company in the cryptocurrency space to face an enforcement action for alleged failures to comply with US sanctions.

03 April 2023

Metro Bank resolves US sanctions investigation without fine

02 March 2023

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