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The Office of Foreign Assets Control (OFAC) announced on March 5, 2013 that EGL, Inc. (now part of the CEVA Logistics group of companies) (EGL), Houston, TX, agreed to pay $139,650 to settle potential civil liability for alleged violations of the Cuban Assets Control Regulations, 31 C.F.R. part 515 (the “CACR”) and the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (the “ITSR”). The alleged violations of the CACR occurred from on or about April 19, 2005, to on or about December 15, 2008, when EGL’s foreign affiliates engaged in 280 transactions in which they provided freight forwarding services with respect to shipments to and from Cuba. The alleged violations of the ITR occurred from on or about August 15, 2008, to on or about October 27, 2008, when affiliates of EGL (then part of the CEVA Logistics group) acted as the freight forwarder of ten shipments containing oil rig supplies to Aban VIII, an oil drilling rig located in Iranian coastal waters and operated by Petropars, an affiliated company of the National Iranian Oil Company. |
USA – OFAC fines EGL, Inc. for transactions with Cuba & Iran
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