Eagle Shipping to pay fine for US sanctions violations

Capt. John

According to the US Office of Foreign Assets Control (OFAC), Eagle Shipping International (Eagle Shipping) has agreed to pay $1,125,000 to settle its potential civil liability for 36 apparent violations of the Burmese Sanctions Regulations.

The violations involve Eagle Shipping’s dealings in the property interests of Myawaddy Trading Limited (Myawaddy), which at all relevant times was identified on OFAC’s List of Specially Designated Nationals and Blocked Persons,2 and the provision of...

https://safety4sea.com/eagle-shipping-to-pay-fine-for-us-sanctions-violations/

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