U.S. Justice Department Brings Forfeiture Action against $20 Million Assets of Alleged Iranian Sanctions Violations

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Friday, June 12, 2020
Author: 
Bruce Zagaris
Volume: 
36
Issue: 
6
Abstract: 

                On June 3, 2020, the U.S. Department of Justice filed in the U.S. District Court for the District of Alaska a forfeiture complaint[1] alleging that assets equivalent to more than $20 million are subject to forfeiture based on violations of the International Emergency Economic Powers Act (IEEPA) and federal money laundering statutes.[2]



[1]    U.S. v. Funds in the Amount of 73,293,750AED (Approximately $20 Million) in the Possession and Control of Ras Al Khaimah Investment Authority (RAKIA), U.S. District Court D. Alaska, Civil No. 3:20-cv-00126-JMK, June 3, 2020.

 

[2]    U.S. Department of Justice, Justice Department Seeks Forfeiture of More than $20 Million in Assets Relating to Unlawful Use of U.S. Financial System to evade and Violate Iranian Sanctions, Press Rel., June 3, 2020.