Company Fined $5 Million for Relentless Cuba Sales

Cuba, Enforcement, OFAC, Sanctions, Violations & Fines

By: Danielle Hatch AppliChem GmbH (AppliChem) has agreed to pay $5,512,564 for 304 violations of The Office of Foreign Assets Control (OFAC) Cuban Assets Control Regulations (CACR) that occurred between 2012 and 2016. AppliChem is a German company that manufactures...

Texas Man Sentenced to 6 years in Prison for Cuba Embargo Violations

Cuba, Enforcement, Sanctions, Violations & Fines

By: Danielle Hatch Bryan Evan Singer, 46, of Bryan Texas was sentenced to 6.5 years in prison on September 27, 2018 for attempting to export electronic devices to Cuba. On May 2, 2017 Singer was traveling from Stock Island, Florida to Havana, Cuba via his boat “La...

Amendments to Implement United States Policy Toward Cuba

BIS, Cuba, License Exceptions

Source: Federal Register Effective November 9, 2017, The Bureau of Industry and Security (BIS) has amends the licensing policy for Cuba and portions of three license exceptions available for exports and reexports to Cuba: License Exceptions Gift Parcels and...

Treasury/OFAC Publishes New Cuba-Related FAQs

Cuba, OFAC, Sanctions

(Source: Treasury/OFAC) Frequently Asked Questions on President Trump’s Cuba Announcement (1) How will OFAC implement the changes to the Cuba sanctions program announced by the President on June 16, 2017?  Are the changes effective immediately? OFAC will...

Trump Calls for Slight Rollback on Obama’s Slight Relaxations for Cuba

Cuba, OFAC, Sanctions

(Source: Reuters, 16 June 2017.) President Donald Trump on Friday ordered tighter restrictions on Americans traveling to Cuba and a clampdown on U.S. business dealings with the island’s military, saying “with God’s help a free Cuba is what we will...

US Oil & Gas Company Fined $25 Million from BIS & OFAC

Canada, Cuba, Iran, OFAC, Sanctions, Sudan, Violations & Fines

National Oilwell Varco, Inc., a Delaware corporation, and its Canadian subsidiaries, Dreco Energy Services, Ltd (Dreco) and NOV Elmar (NOV) have agreed to pay a combined $25 Million for violations of the Cuban Assets Control Regulations, the Iranian Transactions and...