OFAC has issued a Finding of Violation to Dominica Maritime Registry Inc. (DMRI), headquartered in Massachusetts, for a violation of the Iranian Transactions and Sanctions Regulations.

In particular, OFAC determined that on 4 July 2015, DMRI had violated the Regulations by having “[dealt] in the property or interests in property of the National Iranian Tanker Company (NITC), an entity identified by OFAC as meeting the definition of the Government of Iran and whose property and interests in property [were] blocked”. Specifically, DMRI had executed a binding Memorandum of Understanding with NITC, which OFAC determined to have been a contingent contract and, therefore, property in which NITC, a blocked person, had had an interest.

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