Halliburton subsidiary agrees OFAC penalty for Cuba violations

Halliburton Atlantic Limited (HAL) has agreed to pay $304,706 to settle its potential liability for violations of US sanctions on Cuba. The violations related to transactions worth $1,189,752, with a base penalty of $423,202 and a maximum of $1,235,000. Between February and April 2011, HAL and its affiliate Halliburton Overseas Limited (HOL), both subsidiaries of US company Halliburton Energy Services,...

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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