http://havanajournal.com/politics/entry/may-2007-ofac-penalty-notices-for-us-embargo-violations-2277/

HavanaJournal.com: Cuba Politics

May 2007 OFAC Penalty Notices for US Embargo violations

Posted June 17, 2007 by publisher in Cuba Politics.
---------------------------------------------------------------------------------------------------

DEPARTMENT OF THE TREASURY OFFICE OF FOREIGN ASSETS CONTROL
ENFORCEMENT INFORMATION FOR MAY 4, 2007


OFAC Penalty Notices for May 2007

ENTITIES - 31 CFR 501.805 (d)(1)(i)

PSL Energy Services of Scotland settles Cuban Assets Control Regulations Allegations:

PSL Energy Services (“PSL”) has remitted $164,006.50 to settle allegations of violations of the US Embargo’s Cuban Assets Control Regulations occurring during the period of April - September 2004. PSL voluntarily disclosed to OFAC that it may have violated the Cuban Assets Control Regulations by engaging in the unlicensed exportation and re-exportation of oilfield servicing equipment and related skilled services to Cuba.


INDIVIDUALS—31 C FR 501.801 (d)(I)(ii)

One individual has agreed to a settlement totaling $6,088.85 for allegedly dealing in property in which Cuba or a Cuban national had an interest: OFAC alleged that between September 2003 and August 2006, the individual purchased Cuban-origin cigars offered for sale on the Internet. The individual did not voluntarily disclose this matter to OFAC. The individual provided information to OFAC concerning additional purchases of Cuban-origin cigars.

One individual has agreed to a settlement totaling $1,261.00 for allegedly dealing in property in which Cuba or a Cuban national had an interest: In January 2006, the individual purchased Cuban-origin cigars offered for sale on the Internet. The individual did not voluntarily disclose this matter to OFAC.

Legal Note:

Information concerning the civil penalty process is discussed in OFAC regulations governing the various sanctions programs or, in the case of sanctions regulations issued pursuant to the Trading with the Enemy Act, in 31 CFR part 501. Civil penalty procedures are also discussed in OFAC’s proposed Enforcement Guidelines, 68 FR 4422 - 4429 (January 29, 2003).

Read the Cuba Sanctions page from the US Treasury’s Office of Foreign Assets Control

Member Comments

---------------------------------------------------------------------------------------------------
On June 17, 2007, publisher wrote:

Interesting that a company based in Scotland has to pay a fine to the United States for doing business in Cuba.

---------------------------------------------------------------------------------------------------
On June 17, 2007, Curt wrote:

Those individuals and companies who pay those fines are a bunch of sissies who are afraid to fight for what they belive in. They are a disgrace to all Americans who belive in freedom.

---------------------------------------------------------------------------------------------------
On June 17, 2007, Bill Bone wrote:

so where are all the fines for illegal travel?

---------------------------------------------------------------------------------------------------
On June 17, 2007, publisher wrote:

Curt, Something to be said for that but the fine is just an expense of doing business. Fighting the fine is a major corporate decision.

Bill, Good question. Where are the fines for illegal travel?

Anybody know if that is a different report?