An Australian freight forwarding company has agreed to pay the U.S. government over $6 million to settle thousands of violations of American sanctions against North Korea, the U.S. Department of the Treasury said in a statement on Monday.
According to the statement, Toll Holdings Ltd. (Toll), a Melbourne-based logistics company, agreed to the $6,131,855 settlement after the Office of Foreign Assets Control (OFAC) determined it had likely committed “2,958 payments in connection with sea, air and rail shipments” that involved North Korea, Iran or Syria.
An Australian freight forwarding company has agreed to pay the U.S. government over $6 million to settle thousands of violations of American sanctions against North Korea, the U.S. Department of the Treasury said in a statement on Monday.
According to the statement, Toll Holdings Ltd. (Toll), a Melbourne-based logistics company, agreed to the $6,131,855 settlement after the Office of Foreign Assets Control (OFAC) determined it had likely committed “2,958 payments in connection with sea, air and rail shipments” that involved North Korea, Iran or Syria.
Become a member for less than $4 per week.
Unlimited access to all of NK News: reporting, investigations, analysis
The NK News Daily Update, an email newsletter to keep you in the loop
Searchable archive of all content, photo galleries, special columns
Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now
All major cards accepted. No commitments – you can cancel any time.
SHARE
COPY LINK
X
MASTODON
