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Article: Export, Customs & Trade Enforcement Highlights, Summer 2006.(Department of Treasury, Office of Foreign Assets Control )
- Article from:
- Mondaq Business Briefing
- Article date:
- September 15, 2006
CopyrightCOPYRIGHT 2006 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Department of Treasury, Office of Foreign Assets Control ("OFAC") announced that it reached settlement agreements with the following entities:
Augsburg College in Minneapolis, Minn. has paid $9,000 to settle allegations that it violated the Cuban embargo regulations on four occasions between January 2000 and June 2004. OFAC alleged that Augsburg acted without an OFAC license or outside the scope of its license by arranging travel to, from, and within Cuba for other organizations. OFAC maintained that Augsburg was not licensed to act as a travel service provider; it was not affiliated with and did not share a joint OFAC license with these organizations.
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