Financial Crime Financial Crime

Australian freight forwarder’s rapid growth led to increased sanctions risks, settlement shows

By Samuel Rubenfeld
  • 25 Apr 2022 21:42
  • 25 Apr 2022 21:42
Toll Holdings Ltd., an Australia-based freight forwarding and logistics firm, grew quickly and failed to address its growing sanctions risk, according to a settlement announced today by the US Treasury Department.

The Melbourne firm embarked on a strategy of acquisition in 2007, buying up small local or regional freight forwarding companies, but its

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Samuel Rubenfeld


Samuel Rubenfeld is a reporter covering cases of bribery and corruption and some international trade issues. Prior to joining MLex, he was editor of the Kharon Brief, a news and data analysis platform focused on global security issues, including sanctions and export controls. Earlier in his career, Rubenfeld spent about a decade at The Wall Street Journal, including nearly nine years as a reporter covering corporate risk and compliance concerns such as bribery, money laundering, sanctions, terrorist financing and whistleblowers.

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