On 14 May, the US Departments of State and Treasury, and the US Coast Guard have jointly issued an expected Advisory with a focus on Iran, North Korea, and Syria. It includes a detailed set of best practices for private industry to consider adopting to mitigate exposure to sanctions risk. It updates and expands upon previous advisories and is intended to provide actors that utilise 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.
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