The Stamford, Connecticut-based shipowner agreed to pay a $1,125,000 civil penalty to the U.S. Treasury Department’s Office of Foreign Assets Control for Burma sanctions violations.
Treasury Secretary Steven Mnuchin said the Iranian metals industry generates billions of dollars for the regime, contributing to its nuclear weapons program.
A bipartisan group of U.S. House and Senate lawmakers see export controls as a means to punish those Chinese officials and companies involved in human rights abuses in western China and Hong Kong.
Experts say reversal of penalty related to U.S. Treasury Department’s Office of Foreign Assets Control won’t hinder its broader enforcement activities.
Limited prohibitions of certain American-made technology exports and financial transactions are currently in place for the Middle East country rebuilding from 20 years of war.
Aivars Lembergs resigned as chairman of Vetspils Freeport Authority on Dec. 10, the day after the U.S. sanctioned the port authority for its connection to the Latvian oligarch.
The Office of Foreign Assets Control has added the son of Nicaraguan President Daniel Ortega to the Specially Designated Nationals and Blocked Persons List.
The Treasury Department’s Office of Foreign Assets Control warns U.S. companies to exercise due diligence against entanglements with sanctioned transportation services providers.
Office of Foreign Assets Control adds Try Pheap and 11 of his companies to the Specially Designated Nationals and Blocked Persons List.
The Treasury Department agency is closely monitoring vessel name changes used by Venezuelan and Cuban authorities to sidestep U.S. trade sanctions.
