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FROM THE OFFICE OF PUBLIC AFFAIRS April 15, 1999RR-3083 The Treasury Department's Office of Foreign Assets Control (OFAC) recently settled claims for embargo travel violations to Cuba by two Miami airline charter companies and a national magazine.
"These penalty settlements serve to emphasize our strong commitment to fully enforce travel restrictions to Cuba, even as we work to implement new humanitarian measures under the embargo in support of the Cuban people,@ said OFAC Director Richard Newcomb. All travel-related transactions involving Cuba by persons subject to U.S. jurisdiction remain highly regulated and travel for tourism and unlicensed business purposes remains strictly prohibited. OFAC investigates several hundred reports of unlicensed travel to Cuba each year, with many of these cases resulting in a civil penalty proceeding. Economic sanctions were imposed against Cuba in 1963 to exert financial pressure against
Fidel Castro's regime. Most economic transactions are prohibited, unless otherwise authorized by
OFAC. Criminal penalties for violation of these sanctions range up to 10 years in prison,
$1 million in corporate fines and $250,000 in individual fines. Civil penalties of up to $55,000 per
violation may also be imposed. Since October 1992, the effective date of OFAC's civil penalty
authority, Treasury has collected more than $2 million in civil monetary penalties for Cuba embargo
violations.
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