Toll Group reportedly pays $6m to settle US sanctions breach

Toll Group

By LoadstarEditorial

28/04/2022

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, ...

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