OFAC’s aggressive enforcement program continues to bear fruit. The latest settlement involved GE and three of its subsidiaries, which agreed to pay $2.7 million for 289 alleged violations of the Cuba Sanctions Program. (Copy of Settlement Notice Here). So far this year, OFAC has settled 22 cases for a total of approximately $1.28 billion (Statistics Here). Between 2010 and 2014, the GE companies accepted payment...
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