Freight forwarding firm fined by US OFAC for aiding sanctioned company's shipment
( October 9, 2026, 15:11 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control (OFAC) announced a settlement with Pegasus Worldwide Logistics, a freight forwarding firm involved in cross-border shipments. Pegasus has agreed to pay $175,015 to settle its potential civil liability for facilitating the importation of a machine supplied by a sanctioned company and for failing to respond fully to an OFAC subpoena for six months.Notice follows below. Document attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.