By Maya Lester KC & Michael O’Kane

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 …

CubaCuba United StatesUnited States

About Michael O'Kane

For all site-related issues, including subscription and payment issues, please contact
Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

See profile for Michael O'Kane >

Share this page on: