OFAC Finds Maritime Registry Violated Iranian Sanctions
The Office of Foreign Assets Control issued a finding of violation to Fairhaven, Massachusetts-based Dominica Maritime Registry for illicitly dealing in the property or interests of property of the National Iranian Tanker Company, part of the government of Iran whose…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
property and interests in property are blocked, OFAC said. Dominica violated the Iranian Transactions and Sanctions Regulations by executing a binding memorandum of understanding on July 4, 2015, with the Iranian company, “which OFAC determined was a contingent contract and therefore property in which NITC, a blocked person, had an interest,” OFAC said.