Global Investigations Review - The law and practice of international investigations

Iran sanctions

Manhattan judge slams prosecutors over handling of sanctions case

Manhattan judge slams prosecutors over handling of sanctions case

17 September 2020

A Manhattan federal court judge has excoriated prosecutors for the botched prosecution of an Iranian businessman almost two months after she formally dismissed the case over persistent issues with evidence disclosure.

US rebuffs Halkbank’s immunity claims in sanctions case

US rebuffs Halkbank’s immunity claims in sanctions case

01 September 2020

“Protecting Halkbank’s access to US markets and its property in the United States was not incidental to the offenses, but a principal purpose of Halkbank’s conduct,” prosecutors wrote in a court filing.

Halkbank declares immunity from prosecution in Iran sanctions case

Halkbank declares immunity from prosecution in Iran sanctions case

11 August 2020

Turkish bank Halkbank has moved to dismiss charges that it helped Iran evade US sanctions while maintaining it still wants the judge overseeing its case to be removed from the matter.

OFAC signs $824,000 sanctions settlement with coatings company

OFAC signs $824,000 sanctions settlement with coatings company

28 July 2020

Whitford Worldwide Company’s voluntary disclosure, new sanctions compliance training programme and hiring of compliance monitors helped to spare it from a far more substantial penalty, OFAC said.

US prosecutors secure conviction in Iranian sanctions case

US prosecutors secure conviction in Iranian sanctions case

17 June 2020

The CEO of an Iran-based financial services company has pleaded guilty to orchestrating a scheme that allowed citizens of the sanctioned Middle Eastern country to make illegal purchases in the US.

In shock move, Manhattan prosecutors withdraw sanctions charges

In shock move, Manhattan prosecutors withdraw sanctions charges

08 June 2020

US prosecutors have taken the extraordinary step of dropping a sanctions case against a convicted Iranian businessman, avoiding a dispute over potential failures to disclose evidence.

US targets funds from convicted individual’s failed property deal

US targets funds from convicted individual’s failed property deal

04 June 2020

Prosecutors in Alaska are seeking to seize $20 million tied to a vast money laundering and Iranian sanctions evasion scheme that is being held by a UAE investment fund.

Canadian judge’s fraud ruling keeps Huawei CFO within US government’s grasp

Canadian judge’s fraud ruling keeps Huawei CFO within US government’s grasp

28 May 2020

A Canadian court has determined that the mix of US fraud and sanctions charges facing Huawei’s CFO provide a sufficient hook to allow her extradition proceedings to continue.

Iranian nationals charged over alleged scheme to defraud the US

Iranian nationals charged over alleged scheme to defraud the US

19 May 2020

The case was investigated by the FBI’s Minneapolis field office, which is becoming increasingly prominent in Iranian sanctions investigations.

Businessman demands retrial over “egregious disclosure failures” in sanctions case

Businessman demands retrial over “egregious disclosure failures” in sanctions case

04 May 2020

An Iranian businessman convicted of helping to funnel millions of dollars to Iran through the US financial system has requested an acquittal or a retrial, accusing prosecutors of withholding potentially exculpatory evidence.

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