Cuba

Cuba
Freshly Brewed
Sanctions

Helms-Burton: Claims against Companies in Cuba Are Underway

Earlier this week, litigation under Title III of the Helms-Burton Act for “traffick[ing] in stolen properties” begun when plaintiffs started to file claims against US companies legally doing business in Cuba.  Specifically, Carnival Corporation that sails to Havana (under an OFAC license) was named as a defendant in law suits filed in Miami by plaintiffs seeking […]

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Cases
Cuba
Global Trade
Iran
OFAC
Sanctions

Treasury Department’s OFAC – UniCredit Bank Settlements

Earlier this month, OFAC announced 3 settlements totaling $611M with 3 UniCredit Group Banks located in Germany, Austria and Italy.  This was a part of a $1.3B settlement of the banks with other federal and state governments and agencies. OFAC investigated the banks in connection with violations of US sanctions on Burma, Cuba, Iran, Libya, Sudan, […]

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Cuba
Global Trade
Sanctions

US Continues Sanctions on Libya and Cuba

Last week, the White House issued a press release noting that the US will continue the national emergency relating to Libya. For a copy of a related letter to the Speaker of the House of Representative and the President of the Senate, click here. On Cuba, the US restricted the entry of US-registered vessels into […]

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Cuba
Freshly Brewed
Global Trade
OFAC
Sanctions

OFAC – $5.5M Fine to AppliChem; Cuba Sanctions Violation

Last week, The US Treasury’s OFAC fined German AppliChem GmbH (“AppliChem”) to the tune of $5,512,564 for 304 violations of the Cuban Sanctions.  According to OFAC, between May 2012 and February 2016, AppliChem violated the Cuban Assets Control Regulations when it fulfilled orders of chemical reagents for the pharmaceutical and chemical industries destined to Cuba.  […]

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Cuba
Freshly Brewed
Global Trade
Sanctions
State Department

State Department Names Cuban-controlled Entities and Sub-Entities to the Cuba Restricted List

November 15, 2018: The US State Department listed the following entites and sub-entitites to its List of Restricted Entities and Subentities Associated With Cuba.  These were named to be “under the control of, or acting for or on behalf of, the Cuban military, intelligence, or security services or personnel with which direct financial transactions would […]

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Anti-Corruption
Cases
Cuba
DOJ
Fraud
Freshly Brewed
OFAC
Sanctions

Société Générale S.A.: 3 Year DPO, $1.3B in Penalties

We blogged yesterday that Société Générale S.A. (“SG”) settled with OFAC potential liability in connection with violations of US sanctions.  The settlement in the amount of $53,966,916.05 resolves OFAC’s investigation into Société Générale S.A.’s processing of transactions to, or through, the US or U.S. financial institutions in a manner that “removed, omitted, obscured, or otherwise failed to include references to OFAC-sanctioned […]

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CBP
Cuba
Global Trade

Where’s my shipment? Can I bring Cuban cigars into the States?

For the curious with questions regarding importing, exporting or the status of your shipment, head to the CBP’s website to  contact the local service port. Also, you may take advantage of the Office of Customs and Border Protection handy database to research questions on topics such as Global Entry,  import license requirements, customs brokers and carriers, […]

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