U.S. Treasury Department
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American Shipper
When OFAC wants information, exporters better deliver
The U.S. Treasury Department’s Office of Foreign Assets Control has started making examples of companies that did not take its administrative subpoenas for information involving…
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American Shipper
CBP updates mitigation guidelines for export seizures
Customs and Border Protection has updated its seizure mitigation guidelines involving licensed and non-licensed exports for its officers at the nation’s ports of entry.
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American Shipper
PACCAR settles $1.7 million OFAC penalty for DAF misstep
PACCAR agreed to a $1.7 million settlement from the U.S. Treasury Department that its European subsidiary, DAT Trucks, illegally engaged in the sale 63 trucks…
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American Shipper
‘Tip of the spear’ against terrorism financing
The U.S. Treasury Department's Office of Terrorism and Financial Intelligence is at the center of the country’s efforts to counter national security and terrorism financing…
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Legal issues
U.S. seizes North Korean cargo ship
One of North Korea’s largest coal-hauling vessels has been taken out of service by U.S. authorities in the first-ever cargo ship seizure related to sanctions…
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