Counter Narcotics Designations and Designations Updates; Sanctions Compliance Guidance for the Maritime Shipping Industry

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing an OFAC Compliance Communiqué: Sanctions Compliance Guidance for the Maritime Shipping Industry to aid maritime sector stakeholders in identifying certain new or common fact patterns that may be indicative of sanctions evasion, addressing common counterparty due diligence issues, and implementing best practices to promote sanctions compliance. Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List.