Brief: DF Deutsche Forfait says removed from OFAC sanctions list

DF Deutsche Forfait AG

17/10/2014 06:50

Oct 17 (Reuters) - DF Deutsche Forfait AG  DE6G.DE : 
     
    * Said on Thursday it was removed from the sanctions list of 
the U.S. Office of Foreign Assets Control (OFAC) 
    * Said it was put on the sanctions list in February 2014 due 
to alleged violations of sanctions against Iran 
    * Said delisting vindicates company's belief not to have 
violated U.S. sanctions law 
    * Said removal from OFAC sanctions list did not involve 
payment of any penalty 
    * Said was allowed to conduct unrestricted U.S.-dollar 
denominated business again 
     * Said listing by OFAC resulted in constraints on  
operational capabilities, leading to losses of about 9.0 million 
euros in first 9 months of 2014 
    * Said anticipated additional losses for Q4, given that 
restoring business volume, following removal from the sanctions 
list, is expected to take several months 
     
  
 Source text for Eikon:  ID:nEQ9PBKqla  
     
 Further company coverage:  DE6G.DE   
    
    ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920)) 
 
 
Keywords: DF DEUTS FORF/BRIEF