Freight forwarder fined $1.6M after using OFAC-blocked Venezuelan, Iranian carriers
By 
Oscar Gonzalez2025-09-09T16:51:00
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.
The OFAC case dated to May 2022, when a Fracht affiliate based in Mexico reached out to its parent company to help with an order of car parts to a customer in Argentina.
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