Office of Foreign Assets Control

Legal issues
John GallagherWednesday, July 8, 2020
Feds fine Amazon for selling to sanctioned countries
Amazon acknowledged in 2017 that it had reported apparent violations to U.S. Treasury.
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Maritime
Greg MillerFriday, June 19, 2020
Will Venezuela sanctions spark another tanker spike?
More forgiving sanctions approach would avoid rate surge seen after COSCO sanctions.
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American Shipper
Chris GillisFriday, March 13, 2020
US tightens sanctions lasso on Rosneft operations handling Venezuelan oil
The Office of Foreign Assets Control added Russian oil company overseas affiliate TNK Trading International in Switzerland to the Specially Designated Nationals and Blocked Persons…
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American Shipper
Chris GillisWednesday, February 26, 2020
Airline systems firm pays $7.8 million for US sanction violations
SITA committed 9,256 violations of the Global Terrorism Sanctions Regulations between 2013 and 2018 by providing services from and transiting through the U.S. to blacklisted…
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American Shipper
Chris GillisTuesday, February 25, 2020
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Senators urge trade sanctions for Russian election interference
Democratic Senators Charles Schumer and Sharrod Brown say sanctions should target not only the responsible Russian government agencies and officials, but President Vladimir Putin.
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American Shipper
Chris GillisTuesday, February 18, 2020
US tightens sanctions lid on Russian oil shipper Rosneft
The Office of Foreign Assets Control has added the Swiss-based oil brokerage arm of Rosneft Trading to the SDN List for its recent arrangements to…
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American Shipper
Chris GillisMonday, February 10, 2020
OFAC publishes delisting of Turkish officials from SDN List
President Trump directed the removal of sanctions against the Turkish defense and energy ministries on Oct. 23.
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American Shipper
Chris GillisFriday, February 7, 2020
US imposes sanctions on Venezuelan airline
The Office of Foreign Assets Control added CONVIASA and its aircraft fleet to the Specially Designated Nationals and Blocked Persons List for supporting Maduro regime.
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American Shipper
Chris GillisThursday, February 6, 2020
US sets in motion trade sanctions on Mali
The Office of Foreign Assets Control said the action will block property of individuals helping to destabilize the West African country.
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American Shipper
Chris GillisFriday, January 31, 2020
US lifts sanctions against COSCO’s tanker operation
Chinese carrier’s formerly idled VLCCs return to a transport market already suffering from falling rates, Stifel Maritime analyst said.
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