Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing an “Introduction to the Office of Foreign Assets Control” guide, to provide U.S and foreign persons a foundational understanding of how OFAC sanctions work and how to comply with them, including how to request a license from OFAC, how persons may… Read more: Publication of Introduction to OFAC Guide

French Navy took control of vessel M/T Tagore on 31st May 2026. The vessel was in Atlantic Ocean, more than 400nm of W. Brittany, France. The reasons for this seizure is said to be false flag, sanctions breach.

The Federal Maritime Commission (FMC or Commission) investigates potential violations of the Shipping Act and Commission regulations and negotiates settlements and informal compromises of civil penalties in relation to those potential violations. Recently, the Commission completed a compromise agreement recovering $1,900,000 in civil penalties from Maersk A/S (Maersk), a vessel-operating common carrier (VOCC) headquartered in… Read more: FMC Collects Civil Penalty Payment of $1,900,000 from Maersk Line

Today, as a part of Economic Fury, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a prominent Iranian foreign currency exchange house and associated front companies that oversee hundreds of millions of dollars in transactions on behalf of sanctioned Iranian banks.  Collectively, Iranian exchange houses facilitate billions of dollars in… Read more: US Slaps Sanction on Multiple Oil, Chemical & Gas Tankers

Swedish CG & police detained vessel Jin Hui on 03rd May 2026. Master has been arrested by the Swedish authority and vessel is anchored. The Swedish Coast Guard, together with Swedish Police, has boarded the Jin Hui, a tanker sailing under a suspected false flag. A preliminary investigation is underway. The vessel is suspected of… Read more: Oil Tanker Jin Hui Seized by Swedish Coast Guard