The continuing education (CE) requirements for customs brokers went into effect on January 1, 2025, and the trade landscape has been evolving rapidly ever since. How do the new CE requirements work and how can you use them to your best advantage?
OFAC: $1.1 Million Penalty on U.S. Citizen for 75 Egregious Iran Sanctions Violations Involving Hotel Project
OFAC: $1.1 Million Penalty on U.S. Citizen for 75 Egregious Iran Sanctions Violations Involving Hotel Project
November 22, 2024/
Office of Foreign Assets Control implemented a $1.1 million penalty on an anonymous US person for 75 violations of Iran sanctions. Between 2019 and 2022, that person executed a plan to purchase, reno, and operate a hotel in Iran. They were fully aware of US sanctions of Iran. OFAC determined that the violations were egregious, and the person did not disclose them.
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