By Maya Lester QC & Michael O’Kane

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

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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