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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