Texas freight forwarder fined by US for violating sanctions on Venezuela, Iran
( September 3, 2025, 22:32 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control announced that Fracht FWO, a Texas-based freight forwarder, agreed to pay $1.6 million to settle violations of US sanctions programs, including those on Venezuela and Iran. Fracht contracted with a blocked Venezuelan government airline to transport goods to Argentina from Mexico on behalf of its customer. The blocked Venezuelan airline used an aircraft operated by Iran's Mahan Air, which is sanctioned under US terrorism and anti-proliferation authorities.Notice follows below. Documents attached....
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