OFAC agrees $2.7m settlement with General Electric for alleged Cuba sanctions violations

The General Electric Company (GE) has, on behalf of its 3 subsidiaries, Getsco Technical Services Inc., Bentley Nevada, and GE Betz, agreed a sum of $2,718,581 to settle its civil liability for 289 alleged violations of the Cuban Assets Control Regulations from 2010 to 2014. The GE companies accepted payments totalling approximately £8m from the Cobalt Refinery Company for goods …

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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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