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Combating Illicit Cargo

Logistics Business Magazine

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. . •

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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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How sanctions affect shipping companies and trade

Shipping and Freight Resource

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). According to the latest wording (valid since 03.08.2019) of the Order of the Ministry of Transport of the Russian Federation No. various banks).

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U.S. adds shipping companies to North Korean sanctions

247 Customs Broker

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.

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The Digital Supply Chain Needs to Include Trade Compliance Systems!

Logistics Viewpoints

And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking. provides enterprise resource planning and other business applications for manufacturers.

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Fleet Route Optimisation in the Past, Present, and Future

Logistics Bureau

Over a relatively short period, a transport or fleet manager’s ability to support an efficient distribution network through route and delivery optimisation has shifted from almost nil to almost limitless. Simon’s employer was a supplier of beer, wines, spirits, and soft drinks to retail outlets in the United Kingdom.