A post by @FirstSquawk on X.
U.S. TREASURY’S OFAC SAYS IT HAS ISSUED A NEW ALERT TO INDUSTRY WARNING OF THE RISKS OF DEALING WITH…
@FirstSquawk on X
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The alert directs banks, insurers, traders and shipowners to tighten due diligence on vessel flags, which determine a ship’s legal nationality and are a key checkpoint in sanctions compliance. OFAC’s warning reflects growing concern that some operators are re-flagging tankers to obscure ownership and skirt price-cap and sanctions rules. Watch for insurers and financiers to demand stronger flag verification and for further designations tied to the so-called shadow fleet.
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Named in this story
OFAC, U.S. Treasury