The Heavy Cost Of Violating US Sanctions

Law360, New York (March 3, 2010, 10:36 AM EST) -- On Feb. 5, 2010, Balli Aviation Ltd. (a subsidiary of United Kingdom-based Balli Group PLC) pled guilty in the U.S. District Court for the District of Columbia to two-count criminal information in connection with its illegal export of commercial Boeing 747 aircraft from the United States to Iran.

Under the plea agreement, Balli Aviation Ltd. agreed to pay a $2 million criminal fine and be placed on corporate probation for five years.

If that was not enough, the $2 million fine, when combined with a related...
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