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Russian Oil Tanker Does Secret Cargo Switch to Dodge U.S. Sanctions

Supply Chain Brain

Treasury’s Office of Foreign Assets Control in October, after which it didn’t load oil again for about six months. The SCF Primorye was sanctioned by the U.S.

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Editor’s Pick: The Long Arm of OFAC – How US Sanctions Impact Pretty Much Everyone

Talking Logistics

This post from Amber Road’s blog discusses the Office of Foreign Assets Control (OFAC) and how its enforcement arm reaches all. The post Editor’s Pick: The Long Arm of OFAC – How US Sanctions Impact Pretty Much Everyone appeared first on Talking Logistics with Adrian Gonzalez.

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Combating Illicit Cargo

Logistics Business Magazine

To address these risks, the Office of Foreign Assets Control (OFAC) highlights five key measures for robust compliance. However, these industries are vulnerable to exploitation by illicit actors who seek to transport contraband goods, evade sanctions, and launder money. In a recent announcement, the U.S.

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The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

This action was brought by the Office of Foreign Assets Control which is an enforcement agency of the U.S. Treasury’s Office of Foreign Assets Control 50 Percent Rule imposes sanctions on companies with combined ownership by “blocked” parties of 50 percent or more. Treasury Department. For example, the U.S.

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Individuals, entities blocked for ties to Iranian airlines

247 Customs Broker

Office of Foreign Assets Control prohibits U.S. Office of Foreign Assets Control prohibits U.S. . Individuals, entities blocked for ties to Iranian airlines.

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Editor’s Pick: Using Denied Party Screening to Counter Cyber Threats

Talking Logistics

Office of Foreign Assets Control (OFAC) has long cited cyber criminals as prime candidates for black listing, it was only recently that the restrictions reached a level of operational maturity. watch lists. While the U.S. In this sense, a mature regulation is one that has moved beyond theory to functional practice.

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US accuses Russian forwarder Instar of breaking weapons sanctions

The LoadStar

The latest US Office of Foreign Assets Control (OFAC) designations, as well as the Bureau of Industry and Security entity list published today, named the forwarder and its customer service manager. Kalashnikov said it currently had a major focus on exporting, which could see other forwarders caught up in US regulations.