OFAC Issues Two Civil Penalties
The Office of Foreign Assets Control (OFAC) has published its monthly list of civil penalties. In its January 2007 notice, OFAC announced the imposition of the following two penalties:
- Organization Resources Counselors, Inc. (ORC) paid $746.35 to settle allegations of violations of the Libyan Sanctions Regulations occurring between September and October 2003. OFAC alleged that ORC imported services from Libya without an OFAC license.
- OFAC imposed an $850 penalty on one individual for engaging in travel-related transactions with Cuba, including the receipt of and payment for goods and services. The individual traveled to and from Cuba through third countries.
Labels: OFAC
|posted by Douglas N. Jacobson| Permalink 
