Are you shopping for explosives to use in your next gold mining operation? (Well, of course you are! Isn’t everyone?) Here’s some free professional advice: Don’t purchase these explosives from Cuba. Specifically, from a state-owned entity that is subject to the Office of Foreign Assets Control’s (OFAC) Cuban Assets Control Regulations (CACR). Otherwise, you could…
Do you remember when President Obama “lifted” the Cuba sanctions? It seems like only yesterday. There was a press release. Big headlines. Secret meetings at the Vatican. Even a photo-op with Raúl Castro (Fidel’s brother). It was all so … exciting! Predictably, within 24 hours, our email and phones started blowing up with dozens of…
Two subsidiaries of Schlumberger Limited – one current and one former – were hit with sanctions violations in dual press releases this week. The combined fines totaled more than $1.5 million. According to the Treasury Department’s Office of Foreign Assets Control (OFAC), Cameron International Corporation provided oil and gas services to the Russian energy firm…