Credit Suisse Fined over Cuba Embargo

HAVANA TIMES, Dec. 17 – The US government levied a huge fine of US $536 million on Credit Suisse Bank for carrying out transactions that violate the US embargoes against Iran, Libya, Sudan, Burma and Cuba.

Attorney General Eric Holder accused Credit Suisse  of helping its clients avoid detection by U.S. authorities on their financial transactions.  Holder said the bank produced a pamphlet titled, “How to transfer USD payments,” to assure they avoid detection.

The US maintains a nearly half-century economic blockade against Cuba in its effort to produce a regime change in the Caribbean country.