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Department of Justice Sells Licenses to Trade with Iran

Today the United States Department of Justice issued a press release praising its work in the non-prosecution of Barclay's: Barclays Bank PLC, a United Kingdom corporation headquartered in London, has agreed to forfeit $298 million to the United States and to the New York County District Attorney?s Office in connection with violations of the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) .... "Banks like Barclays will not be permitted to disregard sanctions put in place by the U.S. government," said Assistant Attorney General Lanny A. Breuer of the Criminal Division. "Not just once, but numerous times over more than a decade, Barclays stripped vital information out of payment messages that would have alerted U...continue to full post

Full post as published by Crime & Federalism on August 18, 2010 (boomark / email).