Bought 2 tankers, broke Iran sanctions, gets prison term
A complex scheme to evade U.S. Iran sanctions has not turned out too well for onetime tanker owner Behrouz Mokhtari, 72, of McLean, Va. This week, he was sentenced to 41 months
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Russia sanctions: Two indicted, one arrested, in Tango yacht case
Back in April last year, U.S. and Spanish authorities seized the $90 million yacht Tango owned by sanctioned Russian oligarch Viktor Vekselberg. On Friday, indictments were unsealed in the U.S. District Court
OFAC slaps sanctions on FBI-wanted shipowner
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) last week designated two individuals and three entities for activities related to the exportation of petroleum to the Democratic People’s
Russian classification society targeted by EU sanctions
As the European Union steps up its support for Ukraine, the Russian Maritime Register of Shipping has been added to the list of state-owned enterprises subject to EU sanctions imposed in response
5 ships subject to U.S. Treasury Russia sanctions
The U.S. Treasury’s Office of Foreign Asset Controls (OFAC) has issued an extensive list of Russian entities and individuals subject to economic sanctions imposed in response to Russian actions in Ukraine. Among
U.S. seizes sanctions busting tanker
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,
Iran Sanctions: U.S. seeks forfeiture of oil on Maranakis tanker
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),
Shipowners and P&I clubs turn to predictive intelligence to ensure sanctions compliance
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
Hong Kong shipping companies hit with U.S. sanctions
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.
U.S. slaps sanctions designations on five Iranian tanker captains
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