Cuba Shipments Snare Forwarder

Treasury’s Office of Foreign Assets Control (OFAC) announced a $608,825 settlement with Key Holding, LLC to resolve its potential civil liability for 36 apparent violations of the Cuban Assets Control Regulations (CACR), 31 C.F.R. part 515. The violations stemmed from the conduct of a Colombian subsidiary that managed logistics for freight shipments to Cuba between January 2022 and July 2023.

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