Clifford Chance

Navigating Rocky Waters: OFAC Issues Further Sanctions Compliance Guidance For Spotting and Addressing Sanctions Evasion in the Maritime Shipping Industry

November 8, 2024

Following the recent Price Cap Coalition's Advisory to the maritime industry published (which we covered here), on October 31, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control issued further guidance to help the maritime shipping industry better identify and manage five common fact patterns reflecting possible sanctions evasion activity.

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