Cuba USA
- Us Policy Toward Cuba Progresses ........with More Isolation
by Iroel Sánchezsource La Pupila Insomnetranslation Cuba-Network in Defense of Humanity When on December 17 last year President Barack Obama achnowledged that the economic, commercial and financial blockade imposed against the Cuba by the US has led...
- Death, Taxes And The Cuban Blockade
by Matt Peppessource counterpunch The famous expression about the only things that will happen with absolute certainty, death and taxes, is actually missing one: the annual vote in which 99% of the world’s nations declare that the blockade against Cuba...
- "the Blockade Against Cuba Has Become A Financial War"
By Abelardo MorenoSource: cubadebate To view the complete report : "Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba", 2014. http://www.cubadebate.cu/wp-content/uploads/2014/09/informe_de_cuba_2014i.pdf...
- The United States, Bnp Paribas And French Sovereignt
Washington accuses the bank of having engaged in dollar transactions-a currency commonly used in international trade-with embargoed countries, including Cuba. By Salim Lamrani Source: Opera Mundi The United States has imposed a record fine on the...
- "cuba Transition Project"
CUBA FACTS Issue 40- May 2008 Cuba Facts is an ongoing series of succinct fact sheets on various topics, including, but not limited to, political structure, health, economy, education, nutrition, labor, business, foreign investment, and demographics,...
Cuba USA
Where are the changes? French bank fined for processing Cuban transactions
source Grama
U.S. government levies fines on French bank Crédit Agricole for over a billion dollars
PARIS.— The French bank Crédit Agricole agreed yesterday, October 21, to pay fines of over a billion dollars to U.S. authorities, as a result of alleged violations of this country’s sanctions on Sudan, Iran, Myanmar and Cuba.
The total amounts to 1.116 billion dollars, including 329 million to be paid to the Treasury Department; 90 million to the Federal Reserve; 385 million to the New York state Department of Financial Services; 156 million each to the Manhattan and District of Colombia attorney’s offices.
The agreement announced absolves the bank of “possible civil responsibility” in acts being investigated by the Office of Foreign Assets Control (OFAC).
The majority of the “suspicious” transactions were processed, between 2003 and 2008, by a U.S. subsidiary of Crédit Agricole, involving an estimated 32 billion dollars.
Crédit Agricole is the second French bank to pay fines to the U.S. for violating blockade regulations, which remain in full force. BNP Paribas, agreed to a fine last year of almost nine billion dollars for similar infractions. Also sanctioned were Credit Suisse and the German Commerzbank.
This is however the first such case of these dimensions since the reestablishment of relations between Cuba and the United States, this past July.
President Obama has announced changes to modify aspects of the blockade’s implementation, but Cuban authorities have noted that the impact has been minimal thus far. Congressional action is required to put a definitive end to the hostile policy.
- Us Policy Toward Cuba Progresses ........with More Isolation
by Iroel Sánchezsource La Pupila Insomnetranslation Cuba-Network in Defense of Humanity When on December 17 last year President Barack Obama achnowledged that the economic, commercial and financial blockade imposed against the Cuba by the US has led...
- Death, Taxes And The Cuban Blockade
by Matt Peppessource counterpunch The famous expression about the only things that will happen with absolute certainty, death and taxes, is actually missing one: the annual vote in which 99% of the world’s nations declare that the blockade against Cuba...
- "the Blockade Against Cuba Has Become A Financial War"
By Abelardo MorenoSource: cubadebate To view the complete report : "Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba", 2014. http://www.cubadebate.cu/wp-content/uploads/2014/09/informe_de_cuba_2014i.pdf...
- The United States, Bnp Paribas And French Sovereignt
Washington accuses the bank of having engaged in dollar transactions-a currency commonly used in international trade-with embargoed countries, including Cuba. By Salim Lamrani Source: Opera Mundi The United States has imposed a record fine on the...
- "cuba Transition Project"
CUBA FACTS Issue 40- May 2008 Cuba Facts is an ongoing series of succinct fact sheets on various topics, including, but not limited to, political structure, health, economy, education, nutrition, labor, business, foreign investment, and demographics,...