On September 3, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with Fracht FWO Inc. (“Fracht”) to settle apparent violations of multiple sanctions programs. Fracht, an international freight forwarder headquartered in Houston, TX, agreed to pay $1,610,775 as a settlement after the company contracted with an […] The post Fracht FWO Inc. Fined $1.6 million for ‘Reckless Disregard’ of OFAC Sanctions appeared...
