Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Key Holding, LLC

U.S. Department of the Treasury sent this bulletin at 07/02/2025 01:58 PM EDT

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Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Key Holding, LLC

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $608,825 settlement with Key Holding, LLC. Key Holding agreed to settle its potential civil liability for 36 apparent violations of OFAC sanctions on Cuba that arose from the conduct of a Key Holding subsidiary in Colombia that managed the logistics for freight shipments to Cuba. The settlement amount reflects OFAC's determination that the apparent violations were non-egregious and voluntarily self-disclosed.

For more information, please see the following Enforcement Release.

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