Trade Compliance

On September 20, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with ShapeShift AG, which was formerly a prominent cryptocurrency exchange. The company agreed to pay $750,000 to settle its...

On September 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued its “Reminder to File the 2025 Annual Report of Blocked Property.”  Entities or persons subject to the reporting requirement under 31 C.F.R. § 501.603 of the...

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 freight...