Miami firm fined for business dealings with dictatorships in Iran, Sudan, and Cuba
When you partner up with murderous dictatorships and traffic in blood money, sooner or later, you pay the price.
Miami Company Fined for Cuba Sanctions Violations
From the U.S. Department of Treasury:
World Fuel Services Corporation (“World Fuel”), Miami, FL, has agreed to pay $39,501 to settle potential civil liability for alleged violations of the Iranian Transactions Regulations (“ITR”), the Sudanese Sanctions Regulations (“SSR”), and the Cuban Assets Control Regulations (“CACR”).
The alleged violations involve World Fuel’s facilitation of a sale by one of its non-U.S. affiliates of fuel for a vessel at port in Bandar Abbas, Iran, on or about June 23, 2008; the facilitation by a U.S. subsidiary of World Fuel of services and fuel purchases for an aircraft that stopped in Khartoum, Sudan, on or about January 29, 2009; and coordination services provided by two U.S. subsidiaries of World Fuel for 30 unlicensed flights to Cuba, between on or about March 18, 2007, and on or about April 13, 2009.
OFAC determined that World Fuel voluntarily self-disclosed the alleged violations of the ITR and SSR, but did not voluntarily self-disclose the alleged violations of the CACR, and that all of the alleged violations constitute a non-egregious case. The total transaction value for the alleged violations was $79,219, and the base penalty was $73,151.