Aussie Bank Fined for Cuba Business

HAVANA TIMES, Aug. 27 – The U.S. government fined the Australia & New Zealand Bank Group (ANZ) financial conglomerate 5.75 million dollars for carrying out transactions with Cuba through accounts in U.S. banks, which violates the half-century US economic blockade on the Caribbean island.

The transactions allegedly took place between 2004 and 2006.  Under the blockade the US Treasury Department’s Office of Foreign Assets Control (OFAC) seeks to damage Cuban business interests involving institutions and businesses of third countries.

Likewise, OFAC is used to enforce the US government travel ban on Cuba for its citizens, empowered to levy stiff fines on violators who fail to get a special license.

One thought on “Aussie Bank Fined for Cuba Business

  • How pathetic of the Americans. Yet again displaying their petulance an hebephrenic behaviour.
    The yanks are so financially redundant, I’m surprised they don’t tax or fine there own citizens for breathing too much air. America has to make up it’s imminent 9 trillion dollar deficit somehow.


Leave a Reply

Your email address will not be published. Required fields are marked *

Photo of the Day

Photo of the Day
Picture 1 of 1

Colors, Trinidad, Cuba.  By Christine McQuillan (Ireland).  Camera: Samsung cell phone

Submit your pictures to our Photo of the Day section
You don’t have to be a professional photographer, just send an image (in black and white or color), with a photo caption indicating where it was taken (city and country), type of camera or cell you used, and a small description about it.
Note: it is better for our format if you send horizontal orientation pictures. Even square will work but vertical is a problem.
Send your picture with your name and birth country, or where you reside, to this email address: [email protected]