US sanctions Panama law firm for links to Iran

The United States sanctioned the Panamanian law firm Karnakis & Karnakis, its partners, and seven Panamanian-flagged vessels for allegedly collaborating in the transport of Iranian oil for the benefit of the Quds Force, a military unit of Iran’s Islamic Revolutionary Guard Corps , and the Houthis .

Karnakis & Karnakis allegedly provided services and a corporate structure to Iranian tycoon Seyed Asadoollah Emamjomeh, who was sanctioned by the United States a year and a half ago. The firm is believed to have helped Emamjomeh evade the US sanctions.

A statement from the Treasury Department issued this Wednesday, reports that Karnakis & Karnakis has been included on the sanctions list of the Office of Foreign Assets Control (OFAC), as well as the lawyers Sofianos, Konstantinos and Ioanis Karnakis Kosmas.

Also included were Pedro and Roberto Ortega Jones, as well as the company Roxette Maritime Shipping and Trading SA , whose resident agent is Karnakis & Karnakis.