Freight Forwarder Agrees to Export Sanctions Settlement

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4/25/2022

Toll Holdings Limited, an Australian freight forwarder, agreed to a $6,131,855.00 settlement with the Department of Treasury for 2,958 violations of multiple U.S. sanctions and executive orders. The violations occurred when payments for transportation services involving prohibited destinations or sanctioned entities originated in, or were received through, financial institutions in the United States or with foreign branches of U.S.-incorporated financial institutions. This settlement highlights the need for U.S. companies to assure all foreign operations, including financial services, are in compliance with U.S. sanctions, embargoes, and other restrictions.

Toll Holdings Limited, an Australian freight forwarder, agreed to a $6,131,855.00 settlement with the Department of Treasury for 2,958 violations of multiple U.S. sanctions and executive orders. The violations occurred when payments for transportations services involving prohibited destinations or sanctioned entities originated in, or were received through, financial institutions in the United States or with foreign branches of U.S.-incorporated financial institutions. This settlement highlights the need for U.S. companies to assure all foreign operations, including financial services, are in compliance with U.S. sanctions, embargoes, and other restrictions.

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