
US Treasury Sanctions Piraeus-Based Law Firm Karnakis and Karnakis, Subpoenas Greek Bank Over Iran Shipping Ties
The US Treasury sanctioned Piraeus- and Panama-based law firm Karnakis and Karnakis for allegedly setting up shell companies to hide ownership of Iranian shadow fleet tankers, while FinCEN issued a subpoena targeting an unnamed Greek bank over possible Iran-related financial ties.