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OFAC De-Lists Yacht Formerly Belonging to Money Launderer

The Office of Foreign Assets Control this week removed a yacht from its Specially Designated National List that was sanctioned in 2019 for belonging to Saleh Assi, who was accused of money laundering and aiding a Hezbollah financier. The Malta-flagged…

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Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.

Flying Dragon was removed from the SDN List because it no longer belongs to Assi, an OFAC spokesperson said Sept. 1.