Toll Group's Meier talks up 'strategic roadmap to 2025'
Marc Meier, global head of ocean freight at Toll Group, writes on LinkedIn: (Very slightly edited ...
Global Trade Review reports:
US authorities have taken enforcement action against Australia-headquartered freight forwarding company Toll, following accusations it facilitated payments worth over US$48mn linked to sanctioned entities in Iran, Syria and North Korea.
The Office of Foreign Assets Control (OFAC) says Toll has agreed to pay US$6.1mn to settle nearly 3,000 alleged violations of US sanctions controls between January 2013 and February 2019.
Toll originated or received payments through the US financial system involving sanctioned jurisdictions and persons, in connection with sea, air and rail shipments of goods, OFAC says. The payments were processed through at least four US-based financial institutions or their overseas branches…
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