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US sanctions law firm based in Panama, Greece over Iran shipping ties
US sanctions law firm based in Panama, Greece over Iran shipping ties
The Treasury Department accused Karnakis and Karnakis of registering shipping companies linked to Iran's so-called shadow fleet.
Elizabeth Hagedorn
Oct 21, 2026
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Reporters ask US Treasury Secretary Scott Bessent questions after he announced a new set of sanctions against Iran at the Treasury Department on Aug. 24, 2026, in Washington, DC. — Chip Somodevilla/Getty Images
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WASHINGTON — The Treasury Department sanctioned a law firm based in Panama and Greece on Wednesday, accusing it of supporting illicit Iranian shipping activity.
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