U.S. Government Issues Guidance to the Shipping Industry
The U.S. Government remains hard at work through the COVID-19 pandemic. Recently the Office of Foreign Assets Control (“OFAC”) at the Department of the Treasury, the Department of State, and U.S. Coast Guard issued their long-awaited Guidance to Address Illicit Shipping and Sanctions Evasion Practices (the “Guidance”). This effort must have taken quite a few Zoom conferences! But it will be worth it. Together, the government agencies, probably led by OFAC, have put together 35 pages of valuable guidance for … Read More