OFAC announces settlement agreements with Newmont Corporation and Chisu International Corporation

On 21 April 2022, OFAC announced a $141,442 settlement with Newmont Corporation (“Newmont”). The latter has agreed to settle potential civil liability for four apparent violations of the Cuban Assets Control Regulations (CACR), 31 C.F.R. part 515. Between approximately June 2016 to November 2017, Newmont Suriname, a wholly owned subsidiary of Newmont that is a person subject to the jurisdiction …

About Maya Lester QC

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Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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