Guidance to Address Illicit Shipping and Sanctions Evasion Practices

U.S. Department of the Treasury sent this bulletin at 05/14/2020 11:43 AM EDT

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Guidance to Address Illicit Shipping and Sanctions Evasion Practices

The U.S. Departments of State and Treasury, and the U.S. Coast Guard, issued a global advisory​ to alert the maritime industry, and those active in the energy and metals sectors, to deceptive shipping practices used to evade sanctions, with a focus on Iran, North Korea, and Syria. The advisory includes a detailed set of best practices for private industry to consider adopting to mitigate exposure to sanctions risk.

The advisory updates and expands upon previous advisories issued by the U.S. government. It is intended to provide actors that utilize the maritime industry for trade with information on and tools to counter current and emerging trends in sanctions evasion related to shipping and associated services. The advisory highlights common deceptive shipping practices used with respect to countries like Iran, North Korea, and Syria.​

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