Beware transgressing Iranian sanctions, forwarders warned

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Following the news that Maersk has withdrawn its remaining services from Iran for fear of breaking international law, freight forwarders are warning the industry to be careful to avoid sanction-busting shipments, a crime which can trigger fines of up to $10 million or between 10 and 30 years in prison.

The US currently has “comprehensive” sanctions, preventing the export of any US goods and services to countries including Iran, Cuba and Sudan, while another 11 countries or regions have partial restrictions. ...