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Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

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FCPA Blog Daily News

Entries in Cuba (29)

Thursday
Jun292017

AIG fined for insuring Iran, Sudan, Cuba shipments

Insurance giant American International Group agreed to pay the Office of Foreign Assets Control about $149,000 to settle 555 "apparent violations" of OFAC sanctions against Iran, Sudan, and Cuba.

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Friday
Jun232017

OFAC issues new FAQs for Cuba sanctions

The Treasury Department's Office of Foreign Assets Control published Frequently Asked Questions on President Trump’s Cuba announcement.

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Monday
Nov142016

National Oilwell Varco pays $25 million for violating Iran, Cuba, Sudan sanctions

Houston-based driller National Oilwell Varco, Inc. reached a settlement with the DOJ, the Commerce Department, the Treasury Department's Office of Foreign Assets Control, and U.S. Immigration and Customs Enforcement for trade sanction violations reaching back to 2002.

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Monday
Jun272016

Andy Spalding: From Cuba, a Plea for Revolutionary Compliance

There is nothing quite like a week-long trip to Cuba to more keenly appreciate the prospect, and the perils, of foreign investment in developing countries.

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Monday
Apr252016

Think the Cuba sanctions ended? Better read this

The Treasury Department's Office of Foreign Assets Control published a new set of questions and answers Thursday about the sanctions on Cuba. OFAC's answers will surprise a lot of people.

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Tuesday
Oct202015

Crédit Agricole pays $787 million to resolve U.S. sanctions offenses

French bank Crédit Agricole will pay $787 million and hire an independent monitor after violating U.S. sanctions against Sudan, Iran, Myanmar, and Cuba between 2003 and 2008.

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Wednesday
Sep302015

Nina Mohseni: Treasury amends Cuba sanctions again, but embargo remains

Secretary of State John Kerry in a vintage Chevy Impala in Old Havana on August 15, 2015 (State Department photo)The Treasury Department’s Office of Foreign Assets Control (OFAC) has amended the Cuba sanctions regulations for the second time this year. 

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Wednesday
Aug122015

Latin America Enforcement Report – August 2015

Here are highlights about Latin American corruption, enforcement, and compliance through July 2015.

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Wednesday
Jul292015

Latin America Enforcement Report – July 2015

Here are highlights about Latin American corruption, enforcement, and compliance through June 2015.

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Monday
May112015

Compliance alert: OFAC issues report on blocked terrorist assets

Last week OFAC -- the Office of Foreign Assets Control -- issued its 23rd report to congress detailing blocked assets in the U.S. belonging to terrorist organizations and state sponsors of terrorism.

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Monday
May042015

BNP trampled compliance officers, pays record $9 billion penalties for sanction offenses

Paris-based BNP Paribas S.A. was sentenced Friday for processing billions of dollars of transactions through the U.S. financial system on behalf of Sudanese, Iranian and Cuban entities subject to U.S. economic sanctions. 

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Friday
Mar272015

OFAC fines PayPal $7.7 million for 486 sanctions violations

PayPal will pay $7.7 million to settle charges by the U.S. Treasury Department's Office of Foreign Assets Control that it violated trade sanctions against Iran, Sudan, and Cuba.

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