by Jyotsna Bucktowar | Jan 13, 2025
by AdrianaAMLP | Dec 4, 2024
Action targets five individuals and four entities that are associated with or leverage the TGR Group, a sprawling international network of businesses and employees that have facilitated significant sanctions circumvention on behalf of Russian elites.
by Jyotsna Bucktowar | Dec 1, 2024
It highlights 1) Deceptive Practices: Maritime stakeholders should be vigilant for fraudulent activities like falsified shipping documentation, manipulated vessel data, and hidden ownership structures that attempt to disguise violations. 2) Inadvertent Engagement with...
by Jyotsna Bucktowar | Nov 23, 2024
OFAC amended FAQs 61, 62, 63, 64, 65, 68, 69, 102, 103 and 104 as part of its ongoing process of reviewing published guidance to ensure information remains current. OFAC also issued new FAQs 1199 and 1200 that discuss scenarios under which insurance companies can pay...
by Jyotsna Bucktowar | Nov 18, 2024
ALICO processed insurance policies and claims for entities linked to the Government of Iran (GOI) without proper screening, violating U.S. sanctions regulations. The violations occurred over an 18-month period, and despite the company’s efforts to rectify the...
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