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US fines Dutch travel agency for breach of Cuba embargo
Published on April 23, 2014 Email To Friend    Print Version

HAVANA, Cuba (ACN) -- The US Treasury Department has imposed a $5.9 million fine on the Dutch CWT BV travel agency for engaging in commercial relations with Cuba.

The US Office of Foreign Assets Control (OFAC) penalised the Dutch company for having promoted business trips from and to the island since 2006, when its capital largely went to American owners.

According to OFAC, possible violations of the US embargo by the Dutch company took place between August 8, 2006, and November 28, 2013, due to negotiations in which "Cuba or its nationals had interests" and these operations involved trips to Cuba by 44,430 people.

This is not the first time that Washington has penalised a Dutch company for doing business with Cuba, which highlights the extra-territorial nature of the US embargo against the island.

In 2012, OFAC fined the ING Bank $619 million and, in 2010, another four banks were required jointly to pay over $502 million for similar reasons.

The US embargo against Cuba has been overwhelmingly condemned by the international community over the past 22 years at the UN General Assembly.
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