| Having trouble viewing this email? View it as a Web page.
You are subscribed to Civil Penalties Information and/or Office of Foreign Assets Control (OFAC) Recent Actions updates for the U.S. Department of the Treasury.
The U.S. Department of the
Treasury’s Office of Foreign Assets Control (OFAC) today announced a $17,500
settlement with Aban Offshoe Limited ("Aban") of Chennai,
India. Aban agreed to settle its potential civil liability for an
apparent violation of the Iranian Transactions and Sanctions Regulations, 31
C.F.R. Part 560. The apparent violation occured on the approximate date
of June 27, 2008, when Aban's Singapore subsidiary placed an order for oil rig
supplies from a vendor in the United States with the intended purpose of
re-exporting these supplies from the United Arab Emirates to a jack-up oil
drilling rig located in the South Pars Gas Fields in Iranian territorial
waters. OFAC determined that Aban did not voluntarily self-disclose the
apparent violation to OFAC, and that the apparent violation constitutes a
non-egregious case. For more information on this action, please visit the
following web notice.
In addition, OFAC
separately announced a $10,000 settlement with an individual acting in his
personal capacity (the "Individual"), as well as the Alliance for
Responsible Cuba Policy Foundation (the "Alliance"), on whose behalf
the Individual also acted. OFAC alleged that the Individual violated § 515.201
of the Cuban Assets Control Regulations, 31 C.F.R. Part 515 (CACR) by engaging
in unauthorized travel-related transactions during business travel to Cuba from
on or about August 23, 2010 to on or about August 27, 2010, and separately from
on or about September 8, 2011 to on or about September 11, 2011; and that the
Individual violated § 515.201 of the CACR by providing unauthorized travel
services related to the two aforementioned trips to a total of 20
persons. For more information on this action, please visit the following
web notice.
New information on OFAC Civil Penalties and Informal Settlements is now available. For more information on today's actions, please visit this page. |
