By Patrick Murphy, Clyde & Co www.clydeco.com OFAC, together with the US Coast Guard and the US Department of State, has recently issued a timely reminder of the risks of shipping petroleum products to Syria and Iran. At the same time that it added nine persons and entities to the SDN list, whom OFAC suspect were involved in the shipment of petroleum products to Syria, OFAC has reminded the shipping, oil trading and financial institution communities generally that anyone (including non-US persons) who provides support to the Syrian regime by, for example, facilitating imports of oil to the...
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