Cuba Politics News > OFAC

DOZENS of Cuban government businesses removed from US OFAC SDN list

Posted in Cuba Politics > OFAC

According to the US Treasury’s OFFICE OF FOREIGN ASSETS CONTROL Specially Designated Nationals and Blocked Persons List for November 19, 2015, dozens of Cuban businesses (all run by the Cuban government) have been desisted. One would expect a surge in US based businesses to now start operations… Read More

23 Newly Authorized Cuba service providers added to OFAC list

Posted in Cuba Politics > OFAC

Rob Sequin | Havana Journal OFAC has updated the list of authorized service providers such as Travel Service Providers, Carrier Service Providers and Remittance Forwarders. There are now 365 companies that have been authorized to offer travel services to and in Cuba, charter flights to and from Cuba… Read More

OFAC 2012 Financial Industry Symposium

Posted in Cuba Politics > OFAC

If you are involved in any Cuba related financial transactions, you may want to consider attending the U.S. Treasury Department’s Office of Foreign Assets Control is hosting a special Financial Industry Symposium from 8:00am to 5:00pm on March 20, 2012 in Washington DC. The Financial Symposium will… Read More

Commerzbank agrees to pay $175,000 to settle CACR violations

Posted in Cuba Politics > OFAC

Commerzbank AG, the second largest bank in Germany, has agreed to pay more than $175,000 to settle violations of the Cuban Assets Control Regulations from 2005.  The official Civil Penalties Release states that the New York Branch has settled Cuban Assets Control Regulations allegations by remitting… Read More

JPMorgan Chase Bank pays $88million for egregious Cuba sanctions violations

Posted in Cuba Politics > OFAC

OFAC Civil Penalties Release JPMorgan Chase Bank has agreed to remit $88,300,000 to settle potential civil liability for apparent violations of, among violations of other Regulations, the Cuban Assets Control Regulations or CACR that were determined to be “egregious” by OFAC. JPMorgan Chase… Read More

New OFAC Cuba travel guidelines

Posted in Cuba Politics > OFAC

Rob Sequin | Havana Journal In January President Obama announced that he would be easing the humanitarian, cultural, educational and people to people or “purposeful” travel to Cuba. The official Comprehensive Guidelines for License Applications to Engage in Travel Related Transactions Involving… Read More

MetLife pays $22,500 OFAC fine for mailing one insurance claim check to Cuba

Posted in Cuba Politics > OFAC

OFAC Civil Penalties Release Metropolitan Life Insurance Company Settles Cuban Assets Control Regulations Allegations Metropolitan Life Insurance Company, New York, NY (“MetLife”) has remitted $22,500 to settle allegations of a violation of the Cuban Assets Control Regulations, 31 C.F.R. part 515,… Read More

New OFAC 2011 Cuba travel regulations

Posted in Cuba Politics > OFAC

DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 515 CUBAN ASSETS CONTROL REGULATIONS ACTION: Final rule The Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) is amending the Cuban Assets Control Regulations to continue efforts to reach out to the Cuban… Read More

OFAC orders US domain registrar eNom to take down Cuba websites - update

Posted in Cuba Politics > OFAC

BY VITO ECHEVARRÍA | Cuba News | Outbound links to more information added by Rob Sequin from HavanaJournal.com Stephen Marshall, a British entrepreneur known as a pioneer of e-commerce ventures in Cuba, has been battling the U.S. Treasury Department for years. A member of Havana’s expatriate investor… Read More

United Nations Federal Credit Union pays $500,000 to settle OFAC Cuba violation

Posted in Cuba Politics > OFAC

Rob Sequin | Havana Journal Office of Foreign Assets Control’s Recent Actions notification service at the U.S. Department of the Treasury has just issued a Release of Civil Penalties Information. United Nations Federal Credit Union has settled Cuban Assets Control Regulations Allegations United… Read More