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Houston freight firm settles OFAC allegations of sanctions program violations

Image of two cargo freight liners.
Photo: Eric Lafforgue/Art in All of Us/Corbis via Getty Images

Julie DiMauro

3 min read
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The enforcement highlights what a good sanctions compliance program should look like, and shows the benefits of cooperation and remediation.

Violations of sanctions programs on Venezuela and Iran have resulted in a Houston-based freight company agreeing to pay $1,610,775 to settle its potential civil liability.

The enforcement, for apparent violations of multiple Office of Foreign Assets Control (OFAC) sanctions programs, underlines the elements of a good sanctions compliance program and shows

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