On 27th January 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement agreement with Marshall Islands’ company Eagle Shipping International (USA) LLC (“Eagle Shipping”). Headquartered in Stamford, Connecticut, Eagle Shipping has agreed to pay $1,125,000 to settle its potential civil liability for 36 apparent violations of the Burmese Sanctions Regulations, 31 C.F.R. part 537 (BSR). The apparent violations pertain to Eagle Shipping’s involvement in property interests of Myawaddy Trading Limited, a company that was listed on OFAC’s List of Specially Designated Nationals and Blocked Persons (“SDN List”) during all relevant times. Eagle Shipping voluntarily disclosed the apparent violations to OFAC and OFAC has determined that this constitutes an egregious case.