US Gov't Sanctions Fourth Company in 2017 to Worsen Blockade Against Cuba
US Gov't Sanctions Fourth Company in 2017 to Worsen Blockade Against Cuba
Washington, June 28 (Prensa Latina) The US Treasury Department has imposed four fines this year on companies of this country and abroad for alleged violations of the economic, commercial and financial blockade against Cuba.
The last victim of that policy, which lasted more than 55 years, was the American insurance company American International Group (AIG), whose penalty was $ 148,698.
According to the Office of Foreign Assets Control (OFAC) of that Group, the entity became involved in 29 apparent violations by providing insurance coverage for several shipments of goods to or from Cuba or related to an entity of the island.
AIG received its second punishment in three years because in May 2014 the US government claimed that insurer subsidiaries in Canada violated three thousand 560 times the regulations against Cuba from January 2006 until March 2009.
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