U.S. authorities have yet to lay their hands on the alleged owner and operator of a tanker at the center of a sanctions busting scheme, but they have the ship. On Friday,
The United States has filed a forfeiture complaint in the U.S. District Court for the District of Columbia alleging that all oil aboard a Liberian-flagged vessel, the M/T Achilleas (IMO No. 9398072),
While sanctions-busting countries continue to find new way to cloak their maritime activities, the shipping industry faces increasing sanctions compliance requirements from agencies such as the U.S. Treasury’s Office of Foreign Assets
The U.S. yesterday imposed sanctions on six entities—Reach Holding Group (Shanghai) Company Ltd.; Reach Shipping Lines; Delight Shipping Co., Ltd.; Gracious Shipping Co. Ltd.; Noble Shipping Co. Ltd.; and Supreme Shipping Co.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today took action against the captains of the five ships that U.S.-sanctioned Islamic Republic of Iran Shipping Lines (IRISL) and
The U.S. Treasury’s Office of Foreign Asset Control OFAC yesterday designated two more shipping companies and two ships as breaking Venezuela sanctions. It also withdrew the designations earlier imposed on two other
BP Shipping is using a solution developed by Tel Aviv headquartered Windward, a specialist in maritime trade analytics and insights, to digitize its business trade practices relating to sanctions compliance, The move
Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four companies for operating in the oil sector of the Venezuelan economy. Additionally, OFAC identified four vessels as
AIS spoofing, painting over ships’ IMO numbers and names, and “flag hopping” are just a few of the tricks of the sanctions-busting trade. Yesterday, the U.S. Departments of State and Treasury, and
Iranian nationals Amir Dianat, 55, and Kamran Lajmiri, 42, were on May 1 charged with violating U.S. export laws and sanctions against Iran. In a two-count criminal complaint filed in the U.S.