Genesis Asset Managers LLP (GAM US)

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
In 2007, pursuant to this delegated authority, GIM UK purchased approximately $3 million of shares for GEMF in the First Persian Equity Fund (“FPEF”), a Cayman Islands company that invests exclusively in Iranian securities.
Fine:
Total Fine
$112,500.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$112,500.00
Source:
Treasury, “Enforcement Information for May 21, 2012.”
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