U.S. company pays civil penalties to settle Cuban trade sanction violations 

July 24: The Treasury Department’s Office of Foreign Assets Control (OFAC) reported that a U.S. travel-related services company has agreed to pay approximately $5.2 million to settle potential civil liability for apparent violations of the Cuban Assets Control Regulations (CACR).

According to a July 22 release [PDF 18 KB], the company dealt in property in which Cuba or its nationals had an interest when its foreign branch offices and subsidiaries issued approximately 14,500 tickets for travel between Cuba and countries other than the United States, many of which had adopted “antidote” measures (blocking statutes) prohibiting compliance with the CACR, without authorization from OFAC.


The OFAC reported that the company voluntarily self-disclosed this matter and that the apparent violations occurred “subsequent to agency notice” in 1995.



For more information, contact a professional with KPMG’s Trade & Customs practice:


Douglas Zuvich

(312) 665-1022


Andrew Siciliano

(631) 425-6057


John L. McLoughlin

(267) 256-2614


Todd R. Smith

(949) 885-5617


Luis A. Abad

(212) 954-3094


Amie Ahanchian

(202) 533-3247


Or your local KPMG Trade & Customs professional.




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