Banking and Finance Law Daily Wrap Up, ENFORCEMENT ACTIONS—OFAC, Sojitz reach $5.2M settlement over alleged Iranian transactions violations, (Jan 12, 2022)

By Charles A. Menke, J.D.

The settlement resolves apparent violations of the Iranian Transactions and Sanctions Regulations.

Sojitz (Hong Kong) Limited (“Sojitz HK”) has agreed to pay $5,228,298 to settle its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR), the Treasur ...