OFAC Designates Sanctions Evasion Network Operating in Venezuela
The Office of Foreign Assets Control sanctioned three people, 14 entities and six vessels for their involvement in a sanctions evasion network in Venezuela’s oil sector, OFAC said Jan. 19. The designations include Malta-based Elemento and Switzerland-based Swissoil, both of…
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which are involved in buying, shipping and selling Venezuelan oil. OFAC also sanctioned Francisco Javier D’Agostino Casado, Alessandro Bazzoni and Philipp Paul Vartan Apikian for helping to coordinate the oil purchases. The agency also sanctioned a range of entities controlled by Bazzoni, D’Agostino and Elemento and ships that transported the oil.