Published on
Sep 15, 2025
Fracht FWO Inc. Fined $1.6 million for ‘Reckless Disregard’ of OFAC Sanctions
On September 3, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with Fracht FWO Inc. (“Fracht”) to settle apparent violations of multiple sanctions programs. Fracht, an international …
Source:
JD Supra - California
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