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Posted August 01, 2008 by publisher in OFAC

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US Treasury

Minxia Non-Ferrous Metals, Inc. Settles Cuban Assets Control Regulations Allegations: Minxia Non-Ferrous Metals, Inc., Columbia, Maryland 21044, (“Minxia”), remitted $1,198,000.00 to settle allegations of violations of the Cuban Assets Control Regulations occurring between approximately May 2003 and October 2006. OFAC alleged that Minxia acted without an OFAC license or outside the scope of its license by purchasing or otherwise dealing in Cuban metals. Minxia did not voluntarily disclose this matter to OFAC.

Gate Gourmet, Inc. Settles Cuban Assets Control Regulations Allegations: Gate Gourmet, Inc. (“Gate Gourmet”), has agreed to remit $581,901.54 to settle allegations of violations of the Cuban Assets Control Regulations occurring between December 2002 and September 2006. OFAC alleged that Gate Gourmet acted without an OFAC license or outside the scope of its license by supplying catering services to Cubana Airlines, referring business with Air Cubana to other suppliers, and funding employee travel to Cuba. Gate Gourmet voluntarily disclosed this matter to OFAC.

Concord Camera Corp. Settles Cuban Embargo Program Allegations: Concord Camera Corp., Hollywood, FL (“Concord”) has remitted $12,000 to settle allegations of violations of the Cuban Assets Control Regulations occurring between April 2004 and July 2005. Concord voluntarily disclosed this matter to OFAC. OFAC alleged that a Concord subsidiary, Concord Camera HK Ltd., Hong Kong, made unlicensed sales of cameras for delivery in Cuba.

Aetna Life Insurance Company Settles Cuban Embargo Program Allegations: Aetna Life Insurance Company, Hartford, CT (“Aetna”) has remitted $5,210.31 to settle allegations of a violation of the Cuban Assets Control Regulations occurring in January 2007. OFAC alleged that Aetna initiated a life insurance proceeds payment to a beneficiary in Cuba. Aetna did not voluntarily disclose this matter to OFAC.

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