An article on American Shipper on 9th August focuses on findings of violation against 2 companies recently issued by OFAC which illustrate that it has started making examples of companies that did not take its administrative subpoenas for information involving alleged sanctions violations seriously.  OFAC says that both companies “demonstrated reckless disregard for its US sanctions requirements by failing to provide accurate and complete information in response to an OFAC administrative subpoena”.  However, neither company involved received civil penalties for the wrongdoing involving the OFAC administrative subpoenas at this time, OFAC said.


This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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