OFAC Issues February Penalty Report
The Treasury Department's Office of Foreign Assets Control (OFAC) has issued its monthly report of civil penalties imposed on companies and individuals for allegedly violating the sanctions regimes administered by OFAC.
OFAC's February 2009 report indicates that the agency settled only case during the month. The case is summarized below:
- Lactalis USA, Inc. remitted $20,950.38 to settle allegations that it violated the Cuban Assets Control Regulations. OFAC alleged that between February 2004 and March 2007 Lactalis USA, Inc. made six unlicensed wire transfer payments in which Cuba or Cuban nationals had an interest. Lactalis did not voluntarily disclose this matter to OFAC.