OFAC REPORTS SETTLEMENTS OVER BREACHES OF CUBA SANCTIONS REGULATIONS

On 13th June, OFAC reported settlements with Expedia Group Inc ($325,406 to settle its potential civil liability for providing Cuba-related travel services 2011-14); Hotelbeds USA Inc, a US subsidiary of a Spanish company ($222,705 to settle its potential civil liability for assisting persons with unauthorized Cuba-related travel services 2011-14); and Cubasphere Inc, and an individual who acted on behalf of Cybersphere, ($40,320 for dealing in property in which Cuba or Cuban nationals had an interest 2013-14).

https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20190612_expedia.pdf

https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20190612_hotelbeds.pdf

https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20190612_cubasphere.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

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