Maritime Sanctions: the Risks of Non-Compliance
The shipping and commodities industries have found themselves at the forefront of sanctions developments in recent months.
As the United States continues its campaign of sanctions against Iran, North Korea, Syria and Venezuela, the Office of Foreign Assets Control or ‘OFAC’, is increasing the pressure on the maritime and commodities industries to require sanctions compliance.
Episode 6 | 18 December 2020
Nick Maddalena, a consultant for Shoreline, a specialist insurer that provides pioneering maritime insurance solutions on a global scale for US trading and beyond.
In this, the latest in the series of Shoreline’s Maritime Risk Podcasts, Nick Maddalena discusses with two leading experts the maritime sanctions ‘seascape’ and the risks and repercussions to shipowners of non-compliance.
About the contributors
Mike is a member of the senior leadership team at North Group and a qualified lawyer. He has led industry engagement on the topic of sanctions with the US, EU and UK governments since 2011.
