This was recently confirmed by the US Treasury Department, when it asked the company CA Indosuez Switzerland S.A. (CAIS, for its acronym in English) to pay $720,258 for alleged violations of its Office of Foreign Asset Control (OFAC). forced to Laws of economic, commercial and financial fences.
The Swiss company, which specializes in wealth management and corporate and investment banking, broke US punitive measures imposed against Cuba and other countries such as Iran, Sudan and Syria, according to a statement.
“CAIS operates bank and securities accounts on behalf of 17 individual clients located in approved jurisdictions in United States dollars (USD) and trades in that currency on behalf of these clients through the United States financial system,” text indicated.
Between April 2013 and 2016, CAIS enabled customers located in these jurisdictions to process 273 transactions for a total amount of $3,76,180.
Similarly, OFAC announced an agreement with Monaco-based firm CFM Indosuez Wealth to send $401,039 in clear violations of sanctions against Cuba, Iran and Syria in wealth management and corporate and investment banking. Expertise.
According to the government agency, CFM operated bank and securities accounts in US dollars on behalf of 11 individual clients located in approved jurisdictions and traded in that currency through US correspondent banks and securities brokers or dealers registered here.
According to the Treasury Department, the amounts are to settle a perceived “civilian obligation” of the blockade, which has been imposed for more than six decades and is considered the main obstacle to the development of the Caribbean nation.
Earlier this month, US President Joe Biden signed the extension of the so-called “Trade with the Enemy Act,” which extends the blockade until September 14, 2023, and authorizes the president to impose economic sanctions.
According to the Havana Foreign Ministry, this measure ignores the world community’s disapproval of this policy, “opportunistically acute in the context of the COVID-19 pandemic, to render the Cuban people hungry, sick and clingy,” he emphasized. Gave.
After Hurricane Ian passed through Cuba on Tuesday, which caused damage to infrastructure, agriculture, telecommunications and the national electrical system, North American activists set up web pages to raise funds and help the island recover.
The Forum of the People’s Movement shared the Puentes d’Amor solidarity project focused on the purchase of food, medicines and medical equipment, along with a link to a site to receive donations and contribute to relief efforts, on their official Twitter account. ,