Danfoss A/S

Danfoss A/S (“Danfoss”), a multinational Danish company that manufactures and sells refrigeration products, air conditioners, compressors, and other cooling products, has agreed to pay $4,379,810 to settle its potential civil liability for 225 apparent violations of multiple OFAC sanctions programs. The apparent violations occurred when Danfoss FZCO, Danfoss’s wholly owned UAE subsidiary, directed customers in Iran, Syria, and Sudan to make payments to its bank account at the UAE branch of a U.S. financial institution (“U.S.

Wells Fargo Bank, N.A.

Wells Fargo Bank, N.A. (“Wells Fargo”) has agreed to remit $30,000,000 to settle its potential civil liability for 124 apparent violations of three sanctions programs. For about seven years beginning in 2008 and ending in 2015, Wells Fargo, and its predecessor, Wachovia Bank (“Wachovia”), provided a foreign bank located in Europe with software that the foreign bank then used to process trade finance transactions with U.S.-sanctioned jurisdictions and persons.

Falsely Flagged Vessels Pose ‘Grave Threat’ To Global Maritime Rules

The 299,000-dwt Roma (built 2000) loaded crude from Kharg Island, Iran, with its AIS transponder turned on, according to United Against Nuclear Ira

Since the killing of Mahsa (Jina) Amina on September 17, 2022, no fewer than 55 British parliamentarians have called for the proscription of the IRGC. In the same six-month period, there have been just under 200 references to the IRGC during parliamentary debates.

Eye on Iran's Protests - March 30, 2023

The Islamic Republic has claimed the lives of

Group: Oil tanker tied to US-traded firm receiving Iran oil

… Satellite photos and maritime tracking data analyzed by The Associated Press put the Belgian-flagged crude oil tanker Oceania just next to the Vi

New Evidence Suggests DJI Selling Drones To Iran

The world’s largest commercial drone maker, China’s Da-Jiang Innovations Science & Technology Co., also known as DJI, is facing renewed scrutiny this month following a POLITICO investigation that revealed the company “sent drone parts – like batteries and cameras” to Russia in November and December 2022.

Oil Spills and Near Misses: More Ghost Tankers Ship Sanctioned Fuel

…The number of tankers transporting Iranian crude and products – excluding the state’s own fleet – has risen to