Articles 12 April 2016

OFAC fines French company $600,000 for complying with EU blocking statute

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On 22 February, French-based geophysical services company Compagnie Générale de Géophysique  (‘CGG’) agreed to pay just over $600,000 to settle a potential civil liability with the U.S. Treasury’s Office of Foreign Assets Control (‘OFAC’) for alleged violations of the Cuban…

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