Financial Crime World

Togo Cracks Down on Maritime Smuggling: Large Fines and Prison Sentences Imposed on Vessels 🚢🚓

In an effort to combat maritime smuggling, particularly in the port city of Lomé, Togo, authorities have taken a stern stance against vessels engaging in allegedly illegal item exchanges with locals or fishermen. 🇹🇬

Three Vessels Detained and Fined 📉

  • According to reports from local correspondents, Budd Group, three vessels have been detained and fined a substantial amount for exchanging low-value items. [1]
  • Reported exchanged items include sludge, bottles of water, and scrap.
  • Customs officials have charged the vessels with smuggling and imposed punishments.

Fines Calculation 💰

  • The value of the exchanged items is added to the estimated value of all vessels involved.
  • Customs duties of 28-49% are imposed on both the vessels and the items exchanged.
  • Fines have not been openly discussed by customs officials until a fine demand document is signed, leading to significant delays for affected vessels. [2]

Maritime Professionals: Be Aware and Comply ���┌📛

  • Members and Assureds are advised to prevent crew members from engaging in any form of item exchange with locals in Togolese ports, especially Lomé.
  • Failure to comply with regulations could result in substantial fines and lengthy detentions for vessels and crews. [3]

[1] Budd Group Report, 2023 [2] Budd Group Report, 2023 [3] Budd Group Report, 2023

Relevant Resources 📝

Stay informed and compliant to ensure a productive visit to Togolese ports and avoid potential penalties!