Global Advisory on deceptive shipping to evade sanctions
May 15, 2020
OFAC has posted a notice that the State Department, Treasury, and U.S. Coast Guard have issued a global advisory to aleret the maritime industry and those active in the energy and metals sectors, of the utilization of deceptive shipping practices used to evade sanctions, with a focus on Iran, North Korea, and Syria. The advisory includes a detailed set of best practices for private industry to consider adopting to mitigate exposure to sanctions risk. It is intended to provide actors that utilize the maritime industry for trade with information on and tools to counter current and emerging trends in sanctions evasion related to shipping and associated services.
First published on 05/15/2020