List of Restricted Entities and Subentities Associated With Cuba Effective June 12, 2020 BUREAU OF ECONOMIC AND BUSINESS AFFAIRS CUBA SANCTIONS Share Below is the U.S. Department of State’s list of entities and subentities under the control of, or acting for or on behalf of, the Cuban military, intelligence, or security services or personnel with which […]
Additions to the Cuba Restricted List PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE JUNE 3, 2020 Share Today, the United States Government is announcing the addition of seven new subentities to the Cuba Restricted List. These seven subentities disproportionately benefit the Castro dictatorship, a regime which uses the profits from […]
So, BIOMIN America and its foreign subsidiaries made 30 sales of non-U.S. agricultural commodities to a company in Cuba without getting a license for it. Interestingly enough, those 30 sales resulted in 44 violations of the Cuban Assets Control Regulations (CACR) – my guess is that some of these were […]
Cuba The Cuba embargo targets Cuba’s Communist regime, which has for decades oppressed the Cuban people and failed to meet their most basic needs. Though the Cuba embargo remains in place, and most transactions between the United States, or persons subject to U.S. jurisdiction, and Cuba continue to be prohibited, […]
Publication of a Fact Sheet on the Provision of Humanitarian Assistance and Trade to Combat COVID-19 4/16/2020 On April 16, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a Fact Sheethighlighting the most relevant exemptions, exceptions, and authorizations for humanitarian assistance and trade under the Iran, Venezuela, North […]
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 […]
