Financial Ports

US Sanctions Law Firm for Creating Iran’s Shadow Fleet Shell Companies

CLAVE 1 / 4The US Treasury sanctioned a law firm for registering shell companies that operated Iran’s shadow fleet.

CLAVE 2 / 4Five individuals and seven vessels were declared blocked property under US law.

CLAVE 3 / 4Three of the ships transported Iranian crude oil and petrochemicals last year.

CLAVE 4 / 4Sanctions extend to shipping agents in Singapore and the UAE for aiding Iran’s oil trade.

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