OFAC new FAQ on COSCO sanctions and new designations for 5 individuals and 6 entities under Iran sanctions

On 25 September, OFAC issued a new FAQ relating to sanctions imposed on COSCO Shipping Tanker (Dalian) Co and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co.  At the same time it also added the names of 5 Chinese individuals and 6 entities involved in the shipping industry, including the COSCO companies – being Chinese, Hong Kong and BVI companies.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190925.aspx

https://www.hellenicshippingnews.com/u-s-slaps-news-sanctions-on-chinese-entities-over-iran-oil/

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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