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On January 8, 2010, Immigration and Customs Enforcement (ICE) agents arrested Mahmoud Reza Banki after an indictment charging him with violating the US sanctions on Iran and operating an unlicensed money transfer business between the United States and Iran
On January 12, 2010, a federal grand jury sentenced Dr. Ali Amirnazmi, a chemical engineer, to four years in prison and five years of supervised release for fraud and conspiracy in connection with illegal payments to Iranian businesses and institutions in violation of US trade sanctions
In response to recent determinations regarding the expansion of Iranian nuclear capability, the United States has announced enhanced US economic sanctions targeting Iran
In its July 2008 monthly report of civil penalties, OFAC reported that it had settled nine cases involving corporations and ten cases against individuals
On December 16, 2009, OFAC, the Department of Justice, and the New York State District Attorney's Office announced that Credit Suisse AG had settled allegations by state and federal agencies that it intentionally structured transactions in order to allow Iranian, Libyan, Sudanese and other clients subject to US sanctions to access the US financial system
