OFAC $870k settlement with MID-SHIP Group

OFAC has reached a $871,837 civil settlement with MID-SHIP Group for five apparent violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations. OFAC Notice, Settlement Agreement and Enforcement Information. The settlement alleges that in 2011, MID-SHIP, acting as a ship broker,  processed funds transfers totalling $472,861 relating to payments associated with blocked vessels identified on OFAC’s SDN list as...