Logistics Business Magazine

JANUARY 10, 2024

The global maritime and transportation industries have long played a vital role in facilitating the movement of goods and people across borders, writes Captain Steve Bomgardner, VP Commercial Markets, Pole Star Global. To address these risks, the Office of Foreign Assets Control (OFAC) highlights five key measures for robust compliance.

Cargo 53

Cargo Maritime Asset Control Supply Chain Software 53

Shipping and Freight Resource

APRIL 29, 2020

In the US there is a special body responsible for control over the above issue: Office of Foreign Assets Control of the US Treasury Department (OFAC). Passage through Kerch Strait by vessels is a prime example of possible financing (or other financial impacts) in favor of maritime business entities being subject to sanctions.

Maritime 87

Maritime Case Study Asset Control Article 87

247 Customs Broker

FEBRUARY 22, 2018

The Treasury Department’s Office of Foreign Assets Control (OFAC) on Friday added another 27 shipping companies, along with 28 vessels, to its Specially Designated Nationals (SDN) List in an effort to prevent North Korea from further circumventing U.S. Treasury Secretary Steven Mnuchin in a statement Friday.

Asset Control 28

Asset Control Logistics Network Optimization Software Production Freight 28