Logistics Viewpoints

JULY 17, 2023

Treasury’s Office of Foreign Assets Control (OFAC) 50 Percent Rule imposes sanctions on companies with combined ownership by (“blocked”) parties of 50 percent or more. However, many nations defer to the US list when creating their own sanctioned party list. For example, the U.S.

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Logistics Viewpoints

NOVEMBER 22, 2021

In the US, for example, the Office of Foreign Assets Control (OFAC) publishes lists of individuals and companies, and the addresses of those entities, owned or controlled by targeted countries. As bad, or worse, than fines, would be an article reporting that their company had traded with an undesirable firm.

Compliance 101

Compliance SAP Logistics Network Optimization Software Asset Control 101

Shipping and Freight Resource

APRIL 29, 2020

In the US there is a special body responsible for control over the above issue: Office of Foreign Assets Control of the US Treasury Department (OFAC). In particular, Clause 2 Article 2 of the Council Decision 2014/145 / the Common Foreign and Security Policy (CFSP) dd.

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247 Customs Broker

JUNE 17, 2018

Related Articles. Office of Foreign Assets Control prohibits U.S. Office of Foreign Assets Control prohibits U.S. We use cookies to collect information about you for a better user experience. Click here to look at our new privacy policy. I Agree.

Asset Control 28

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Logistics Bureau

NOVEMBER 20, 2023

So that’s the route we’re taking in this article, exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. The answer could be to focus on the execution side of route optimisation. Is Your Fleet Routing the Best It Can Be?

Presentation 91

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247 Customs Broker

OCTOBER 26, 2018

Related Articles. The Office of Foreign Assets Control has extended for a fourth time the expiration deadlines of three general licenses involving U.S. CFIUS pilot adds layer of export control. Business ties to Russian companies still not cut. business dealings in the oil and gas sector.

Asset Control 28

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Globalior

NOVEMBER 23, 2020

It is essential to check the Treasury Department’s Office of Asset Control (OFAC) website regularly for an updated information. Furthermore, there are also meticulous restrictions like the ones against Russian industries and the Crimean region of Ukraine. Illegal End Use of Your Products.

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