USG Sanctions May 2020 Advisory

The Departments of State and Treasury, as well as the U.S. Coast Guard, recently issued a Sanctions Advisory for the Maritime Industry, Energy and Metals Sectors, and Related Communities.

The advisory has lots of weedy stuff about sanctions evasion, as this excerpt indicates:

This advisory discusses sanctions risks and contains information on common deceptive shipping practices and general approaches to aid in further tailoring due diligence and sanctions compliance policies and procedures. It is intended primarily to provide guidance to the following: ship owners, managers, operators, brokers, ship chandlers, flag registries, port operators, shipping companies, freight forwarders, classification service providers, commodity traders, insurance companies, and financial institutions.1,2 This advisory includes both updated information on the deceptive practices used to evade sanctions and policies and procedures that entities operating in the specific maritime sectors enumerated above may wish to consider adopting as part of a risk-based sanctions compliance program.

There’s also specific information about sanctions and Iran, North Korea, and Syria. There’s also this interesting NK graphic:

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