On January 11th, 2022, The U.S. Treasury Department, The Office of Foreign Assets Control (OFAC), announced that Sojitz (Hong Kong) Limited (“Sojitz HK”), a Hong Kong, China-based company that engages in offshore trading and cross-border trade financing, agreed to pay $5,228,298 to settle potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR).

To Access full article: Click here