US State Department sanctions on company, individual and his successors.
The US State Department determined sanctions against a foreign company, it's owner and his successors for having sold prohibited products and services to Iraq during the 1990s. The sanctions, still in place, prohibit the import or trade of goods and services between the United States and the sanctioned parties.
What are the criminal penalties for violations of those sanctions. Can these individuals engage in commercial activities in the United States such as becoming directors of US Corporations?
1 Answer from Attorneys
Re: US State Department sanctions on company, individual and his successors.
One would have to look at the specific order and the statutory basis under which it was issued to determine what can and cannot be done. I have substantial experience in economic sanctions matters and would be glad to consult on this issue.