April 24, 2025
The Need to Know Your Vessel™ is Highlighted in OFAC’s 2025 Advisory
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued a new maritime sanctions advisory on April 16, 2025, that signals a pivotal shift in compliance expectations. The update doesn’t just revisit the deceptive shipping practices (DSPs) introduced in 2020, it expands the scope of what regulators consider red-flag behavior, particularly in connection with Iranian...
