Apr 25, 2014

OFAC Settles Civil Enforcement Action with Dutch Company for Alleged Violations of US Trade Embargo on Cuba

配信申込

ジャンプリンクテキスト

 
The US Treasury’s Office of Foreign Assets Control (OFAC) and Carlson Wagonlit Travel (i.e., CWT B.V.), a Netherlands-based company, have agreed to settle violations of the Cuban Assets Control Regulations (CACRs) dating back to as early as August 2006. Under OFAC’s Cuba Penalty Schedule, the voluntarily disclosed activity exposed CWT to a civil fine of up to $11,093,500. The parties, however, agreed to settle the matter for $5,990,490. This settlement shows that even with the EU Understanding and individual EU member states blocking statutes in place, European companies with US owners can be subject to an OFAC enforcement action.

View full memo, OFAC Settles Civil Enforcement Action with Dutch Company for Alleged Violations of US Trade Embargo on Cuba

著者等

Philip Urofsky

パートナー

紛争解決

+1 202 508 8060

+1 202 508 8060

ワシントンDC

Danforth Newcomb

オブ・カウンセル

紛争解決

+1 212 848 4184

+1 212 848 4184

ニューヨーク

Stephen Fishbein

パートナー

紛争解決

+1 212 848 4424

+1 212 848 4424

ニューヨーク

Paula Howell Anderson

パートナー

紛争解決

+1 212 848 7727

+1 212 848 7727

ニューヨーク

Barnabas Reynolds

パートナー

金融機関助言・金融規制

+44 20 7655 5528

+44 20 7655 5528

ロンドン