OFAC settle

OFAC has announced a settlement of alleged violations of the Iranian Transactions and Sanctions Regulations with Adani Enterprises Ltd (AEL) of India. The enforcement originated in AEL's purchase of cargoes of LPG from a Dubai trader purporting to supply Omani and Iraqi gas. AEL was the consignee for LPG cargoes bound for India. It had contracted with a Dubai supplier as shipper and vessel charterer and took title of each cargo at Mundra Port. The Dubai supplier controlled all shipping arrangements - chartering the vessels, loading the Iranian-origin LPG and issuing the falsified certificates of origin that misrepresented the cargo as Omani or Iraqi. AEL had relied on those documents for its knowledge of cargo origin.