Kinahan cartel: US impose $1m fine and max 20 years in prison for sanction breakers
Details of the penalties imposed on individuals who continue to engage in financial transactions with Kinahan have been revealed
Individuals who breach sanctions imposed on mob boss Daniel Kinahan and his associates face fines of up to $1 million and a maximum 20 years in a US prison.
Details of the penalties that will be imposed on individuals who continue to engage in financial transactions with Kinahan are contained in the Office of Foreign Assets' Control's handbook concerning its 'Transnational Criminal Organizations' sanctions program.
"Civil monetary penalties of up to $250,000 or twice the amount of the underlying transaction may be imposed administratively against any person who violates, attempts to violate, conspires to violate, or causes a violation of … the regulations," the programme states.
"Upon conviction, criminal fines of up to $1,000,000, imprisonment for up to 20 years, or both, may be imposed on any person who wilfully commits or attempts to commit, or wilfully conspires to commit, or aids or abets in the commission of a violation of … the regulations."
On April 12, the US announced it was imposing the sanctions on seven "key members" of the Kinahan cartel, including leaders Daniel and Christy Kinahan Jnr and their father Christy Snr.
The sanctions against the Kinahan gang and its associated businesses in the UK and the United Arab Emirates mean US banks and companies cannot do business with the Kinahan organised crime group members and three designated businesses that were also been identified.
The sanctioned individuals also include gangster Liam Byrne's former right-hand man, Sean McGovern; Ian Dixon - a relative of Daniel Kinahan's mother; Bernard Clancy, a childhood neighbour of the Kinahans who grew up in the Oliver Bond flat complex, and ex-CAB target Johnny Morrissey.
MURDER PROBE | Gangland gun victim Gary Carey’s family were at his bedside as he died, inquest hears
No Kin do | Promoter claims Daniel Kinahan is not involved in Saudi boxing negotiations
Glove Island | Shelbourne FC goalkeeper Scott Van-der-Sluis tipped to enter Love Island
charges denied | Well-known bike racer appears in court accused of rape on Isle of Man
Oops | "How the f*** do I get home" - Eamonn Holmes swears live on breakfast show
TAG TEAM | Sex worker and pimp boyfriend who threatened to expose her ‘clients’ are jailed
New Era | Ireland’s Craig Doyle joins Holly Willoughby as replacement This Morning host
TRAGIC LOSS | Cancer campaigner Trina Cleary (38) passes away after signing off with social post
You're Jo-king | Comedian Joanne McNally ‘excited’ to launch new clothing brand
Man in Black | Trial date is set for man accused of Somerset ‘gimp suit’ incidents