THE JOURNAL OF EXPORT CONTROLS AND SANCTIONS

March 2016

Halliburton company settles alleged Cuba Regulations violations

Subsidiaries ‘knew or should have known they were dealing in property' in which Cuba had an interest.

A Halliburton company, Halliburton Atlantic Limited (‘HAL’) has agreed to pay $304,706 on behalf of itself and its affiliate, Halliburton Overseas Limited (‘HOL’), to settle potential civil liability for alleged violations of the Cuban Assets Control Regulations (‘CACR’). According to OFAC, ‘from on or about February 15, 2011, to on or about April 6, 2011, HAL and HOL, two Cayman Island subsidiaries of the U.S. company Halliburton Energy Services, Inc.  appear to have violated § 515.201(b) of the CACR by dealing in property in which Cuba or a Cuban national had an interest when they exported goods and services in...

Please Login to view this content. (Not a member? Join Today!)
Please login or subscribe to view this content.

SUBSCRIBE NOW TO RECEIVE


Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.