US imposes sanctions on Greek, Panama law firm for helping Iran shipping
Treasury said the firms helped Iran disguise shipping assets and fund its military, weapons and nuclear programs.
- The Treasury Department announced sanctions on Wednesday against firms supporting Iran's shadow fleet network, which the administration claims is used to circumvent existing sanctions.
- Panamanian-Greek law firm Karnakis and Karnakis faces primary sanctions for supporting "illicit Iranian shipping activity for years, indirectly aiding Tehran's ability" to generate revenue for military and nuclear programs.
- Beyond the law firm, the Treasury sanctioned Singapore- and UAE-based shipping agents, members of the Karnakis-Kosmas and Ortega-Jones families, and a Syrian cement company linked to the IRGC's Quds Force.
- Secretary of the Treasury Scott Bessent warned that facilitators "must make a choice: Either you are with us or against us," pledging continued action against Iranian regime supporters.
- The Financial Crimes Enforcement Network issued subpoenas and information requests to banks in Europe investigating potential relationships with Iranian financial institutions under U.S. sanctions.
27 Articles
27 Articles
US sanctions Greek law firm over aid to Iranian shipping
The US Treasury Department imposed sanctions on Wednesday on Karnakis & Karnakis, a law firm based in Greece and Panama, saying it had for years provided legal assistance to Iranian shipping networks. The US Financial Crimes Enforcement Network also issued an administrative subpoena to advance an investigation into a Greek bank over potential ties to […]
The U.S. Treasury has included Karnakis and Karnakis, an Iranian law firm with offices in Greece and Panama, and five individuals associated with it, under United States restrictive measures, Karnakis and Karnakis, and the United States agency believes that the company has illegally facilitated the supply of Iranian products to markets, thereby allegedly allowing the authorities in Tehran to receive funds for weapons development and nuclear prog…
US sanctions law firm, shipping agents for aiding Iran’s illicit trade
“Whether you are conducting illegal oil transfers at sea or sitting in the corner office of a law firm, if you are supporting the Iranian regime, we will find you and sanction you,” the U.S. treasury secretary said.
US sanctions Greece-, Panama-based law firm over aid to Iranian shipping
The US Treasury Department imposed sanctions on Wednesday on Karnakis & Karnakis, a law firm based in Greece and Panama, saying it had for years provided legal assistance to Iranian shipping networks.
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