SETTLEMENT AGREEMENT BETWEEN OFAC AND HAVERLY SYSTEMS INC OVER UKRAINE SANCTIONS VIOLATIONS

On 25^th April, OFAC announced that Haverly, a New Jersey corporation with offices in Texas and California, had agreed to pay $75,375 to settle its potential civil liability for 2 apparent violations of the Ukraine Related Sanctions Regulations in 2016-17, when it transacted or otherwise dealt in new debt of greater than 90 days maturity of JSC Rosneft, an entity identified by OFAC on the Sectoral Sanctions Identification List.

https://content.govdelivery.com/accounts/USTREAS/bulletins/240d2f4

https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20190425_haverly.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017