Travel Provider Fined for Cuba Sanctions Violations

Friday, April 18, 2014
From U.S. Department of the Treasury:

CWT B.V. Settles Potential Civil Liability for Apparent Violations of the Cuban Assets Control Regulations

CWT B.V. (“CWT”), of the Netherlands, has agreed to pay $5,990,490 to settle potential civil liability for apparent violations of the Cuban Assets Control Regulations (the “CACR”), 31 C.F.R. part 515. From on or about August 8, 2006, through on or about November 28, 2012, CWT dealt in property in which Cuba or its nationals had an interest when its business units mostly outside the United States provided services related to travel to or from Cuba, assisting 44,430 persons. In 2006, CWT, a travel services provider incorporated in the Netherlands, became majority-owned by U.S. persons and thus subject to U.S. jurisdiction pursuant to the Trading With the Enemy Act, 50 U.S.C. App. §§ 1-44 and the CACR.