OFAC, Company Settle in Cuban Sanction Violation Case
CGG Services, formerly known as CGGVeritas, has agreed to pay $614,250 on behalf of itself and affiliated companies to settle potential civil liability for alleged violations of the Cuban Assets Control Regulations, the Office of Foreign Assets Control said (here).…
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OFAC recorded at least four instances between 2010 and 2011 when the oil and gas and seismic survey equipment company exported spare parts to vessels while they operated in Cuban territorial waters. CGG also allegedly illegally processed seismic data conducted in Cuba’s Exclusive Economic Zone, benefiting a Cuban company, according to OFAC. Although CGG did not voluntarily self-disclose the actions, OFAC determined the alleged violations constituted a non-egregious case, and said CGG “substantially cooperated” with the investigation.