us-sanctions
27 August 2020
Singapore firm hit with fine for alleged Iran sanctions violations
LOG IN OR SUBSCRIBE TO READ THIS ARTICLEThe US Department of Commerce’s Bureau of Industry and Security (‘BIS’) has slapped a US$31.4 million penalty against Singapore-based Nordic Maritime Pte. Ltd., accusing it of knowingly violating US sanctions by sending seismic equipment to an Iranian gas field.
BIS said that the order to impose...