Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club
MAY 6, 2019, CIRCULAR NO. 14/19
TO MEMBERS OF THE ASSOCIATION
Dear Member:
US TREASURY DEPARTMENT PUBLISHES A FRAMEWORK FOR OFAC COMPLIANCE COMMITMENTS
On May 2, 2019, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) published A Framework for OFAC Compliance Commitments in order to provide organizations subject to US jurisdiction, as well as foreign entities that conduct...