THE JOURNAL OF EXPORT CONTROLS AND SANCTIONS

February 2016

French company fined for U.S. Cuba sanctions violations

OFAC determines that the company and its affiliates ‘acted with reckless disregard for U.S. sanctions'.

On 22 February, French-based geophysical services company CGG (Compagnie Générale de Géophysique) agreed to pay $614,250 to settle a potential civil liability with the U.S. Treasury’s Office of Foreign Assets Control (‘OFAC’) for alleged violations of the Cuban Assets Control Regulations. CGG, which provides services, spare parts, and equipment for oil and gas exploration and seismic surveys, is alleged to have engaged in several illegal transactions between September 2010 and July 2011, including the export of spare parts and other equipment from the United States to various vessels which were operating in Cuba’s territorial waters, and in the processing of...

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