A Houston-based freight forwarder company Fracht FWO Inc. will have to pay $1.61 million for violating U.S. sanctions tied to Venezuela and Iran, according to a Sept. 3 announcement from the Treasury Department’s Office of Foreign Assets Control (OFAC). OFAC has ramped up its enforcement in recent months, a clear signal that the second Trump administration will continue punishing firms for sanctions violations. 

Learn More
Already a member? Sign in to an existing account.

Oscar Gonzalez is a freelance writer and editor who covers tech, misinformation, business, and the stock market. He's written for Gizmodo, CNET, TheStreet, CBS, and NBC. Email: oscar.gonzalez@complianceweek.com LinkedIn:...