OFAC sanctions are a Treasury function

Venezuela sanctions: U.S. designates two more ships

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 digitizes its sanctions compliance efforts

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

Treasury names ship involved in Houthi arms funding trades

Treasury designates four tanker companies for breaching Venezuela sanctions

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

Panama may deflag ships that disable AIS

The Panama Maritime Authority has issued a Merchant Marine Notice warning that Panamanian flag ships that deliberately deactivate their Long Range Identification and Tracking Equipment (LRIT) or Automatic Identification System (AIS) will

Iran infuriated by seizure of tanker off Gibraltar

The seizure of a 300,00 dwt tanker by Gibraltar authorities early yesterday has provoked angry responses from Iran — and has also ruffled a few diplomatic feathers in Spain. Iran’s FARS news

Turning off AIS just became an even bigger no no

P&I insurance broker P. L. Ferrari & Co. is warning that the U.S. Treasury is strengthening its controls and surveillance to identify ships trading to sanctioned countries or areas. And that makes

U.S. seizes sanctions-busting North Korean bulker

The United States has seized a sanctions-busting North Korean bulker not on the high seas, but through the filing of a civil forfeiture complaint in the U.S. District Court for the Southern

Tanker owner “shocked” to be on OFAC sanctions list

Italian tanker operator PB Tankers said yesterday that it was “shocked and concerned” that it had been designated by the U.S. Treasury’s Office of Foreign Assets Control as subject to sanctions aimed

Treasury sanctions list includes Putin's yachts

OFAC adds four shipping companies to Venezuela sanctions list

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) last Friday designated four shipping companies that operate in the oil sector of the Venezuelan economy as subject to U.S. sanctions.

Two shipyards designated in latest round of Russia sanctions

Two shipyards, a marine diesel manufacturer and an offshore oil and gas exploration company are among Russian entities designated Friday by the U.S. Department of the Treasury’s Office of Foreign Assets Control

LOAD MORE