OFAC Says CMA CGM Remits $374K to Settle Multiple Sanctions Program Allegations
The Office of Foreign Assets Controls reports that CMA CGM (America) LLC (CCA), Norfolk, VA, has remitted $374,400 to settle allegations of violations of the Cuban Assets Control Regulations, 31 CFR Part 515, the Iranian Transactions Regulations, 31 CFR Part…
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560, and the Sudanese Sanctions Regulations, 31 CFR Part 538, occurring between approximately December 2004 and April 2008. OFAC alleged that CCA facilitated the exportation of goods from foreign ports to Sudan on at least two occasions and, in 28 separate transactions, accepted payments for shipping services provided by its foreign parent company, CMA CGM, or its foreign affiliates, in connection with shipments between third countries and Cuba, Iran, or Sudan.