DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
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On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities, and vessels in multiple jurisdictions that have engaged in the illicit transport of oil and other commodities, including for the network of Houthi financier Sa’id al-Jamal.
The action is directed at maritime shipping and financial facilitators, vessel managers and owners, and a company involved in forging shipping documents. It is the seventh round of sanctions initiated in October 2023 that is aimed at disrupting the network of Sa’id al-Jamal.
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