United States Further Restricts Air Travel to Cuba PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE JANUARY 10, 2020 Share Today, at my request, the U.S. Department of Transportation (DOT) suspended until further notice all public charter flights between the United States and Cuban destinations other than Havana’s José Martí […]
Allianz agreed to pay $170,535 for 6474 voluntarily self-disclosed, non-egregious apparent violations of the Cuban Asset Control Regulations (CACR), reduced from a base penalty of $270,690.90. Here is the narrative of what Allianz did: Between August 20, 2010 and January 15, 2015, AGR Canada fronted travel insurance policies that included […]
Simply put, Chubb Corporation merged with ACE Limited, and one of ACE’s subsidiaries was subject to US jurisdiction (because one of its parents was incorporated in the US). And that subsidiary apparently violated the Cuban Assets Control Regulations(CACR) 20,291 times. The huge bulk of these were premium payments for Cuba-related […]
On Thursday, OFAC added the following persons: CRUZ OVALLE, Juan Carlos (a.k.a. “EL HIELERO”), 5 Calle, 1-35, Zona 1, Tecun Uman, Ayutla, San Marcos, Guatemala; DOB 11 Sep 1975; alt. DOB 06 Nov 1975; POB Puerto Barrios, Izabal, Guatemala; nationality Guatemala; Gender Male; Cedula No. L-1225277 (Guatemala); NIT # 844191K […]
State Department Updates the Cuba Restricted List PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE NOVEMBER 15, 2019 Share Today, I am announcing an update to the Cuba Restricted List to add five sub-entities owned by the Cuban military to the list of entities with which direct financial transactions are […]
United States Restricts Scheduled Air Service to Cuban Airports MEDIA NOTE OFFICE OF THE SPOKESPERSON OCTOBER 25, 2019 Share At the request of the Secretary of State, the U.S. Department of Transportation suspended until further notice scheduled air service between the United States and Cuban international airports other than Havana’s […]
For a period of over 3 years, GE appears to have violated the Cuban Assets Control Regulations (CACR) 289 times, resulting in a settlement of $2,718,581, as opposed to a base penalty of $3,377,119 and a maximum statutory penalty of $17,785,000. This is what happened: Specifically, between December 2010 and […]
Public Designation of Raul Castro, Due to Involvement in Gross Violations of Human Rights PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE SEPTEMBER 26, 2019 Share The Department is publicly designating Raul Modesto Castro Ruz, the First Secretary of the Central Committee of the Cuban Communist Party and General of […]
Publication of Updated Cuban Assets Control Regulations (CACR) and Frequently Asked Questions 9/6/2019 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. part 515 (CACR), to further implement portions of the President’s foreign policy toward Cuba. In accordance with announced […]
An Individual and Cubasphere Inc. Settle Potential Civil Liability for Apparent Violations of the Cuban Assets Control Regulations: An individual (the “Individual”), as well as Cubasphere Inc. (“Cubasphere”), on whose behalf the Individual also acted, have agreed to pay $40,320 to settle their potential civil liability for apparent violations of […]
