Another Travel Company Fined for Cuba Sanctions Violations

Tuesday, May 6, 2014
Last month, Treasury fined travel provider, CWT B.V., for Cuba sanctions violations.

This week, it has similarly fined

From U.S. Treasury Department:, Inc. Settles Potential Civil Liability for Apparent Violations of the Cuban Assets Control Regulations., Inc. (previously known as, Inc.), together with its subsidiaries and affiliates (collectively "Decolar"), a Delaware company with headquarters in Buenos Aires, Argentina, has agreed to pay $2,809,800 to settle potential civil liability for apparent violations of the Cuban Assets Control Regulations. 31 C.F.R. part 515 (the "CACR"). From March 2, 2009, through March 31, 2012, Decolar appears to have dealt in property in which Cuba or Cuban nationals had an interest when its foreign subsidiaries assisted 17,836 persons with flight reservations for travel between Cuba and countries other than the United States and/or hotel reservations for stays in Cuba, without authorization from OFAC.