Key commodities trade exceeds WTO forecasts despite war in Ukraine
01-03-23 / by John Basquill
Trade in key commodities remained “remarkably resilient” during 2022 despite the fallout of Russia’s invasion...US Department of the Treasury
Iran sanctions evasion network used UAE, Panama front companies
10-01-23 / by John Basquill
A US citizen established front companies in Iran, the UAE and Panama, purchased oil tankers...
US targets network of Singapore, Swiss and UAE traders in Iranian oil crackdown
04-11-22 / by John Basquill
The US government has taken action against a network of fuel traders and shipping companies...
US accuses Malaysia, Singapore, UAE companies of breaching Iran sanctions
03-08-22 / by John Basquill
US authorities have taken action against companies in the United Arab Emirates (UAE), Singapore, Hong...
Russian agri commodities not subject to sanctions, US says, as food insecurity fears grow
18-07-22 / by John Basquill
The US government has emphasised that sanctions against Russia do not apply to trade in...
Freight forwarder pays US$6mn to settle US sanctions breach
27-04-22 / by John Basquill
US authorities have taken enforcement action against Australia-headquartered freight forwarding company Toll, following accusations it... Sanctions experts issue maritime trade guidance as banks grapple with OFAC demands
14-02-22 / by John Basquill
A trio of banking, sanctions and shipping organisations has issued practical guidance for lenders facing...
US government told to boost trade-based money laundering co-ordination
22-12-21 / by Jacob Atkins
A US watchdog has again called for stronger cooperation between government agencies to combat trade-based...
US sanctions break for Venezuela LPG exports ‘not a seismic policy shift’
28-07-21 / by John Basquill
The US government’s decision to lift sanctions on liquefied petroleum gas (LPG) exports to Venezuela...
US regulators accuse Singapore energy trader of Iran sanctions breach
04-11-20 / by John Basquill
US authorities have imposed sanctions on a Singapore-based energy trader, accusing it of breaching restrictions...