A fine of $5.75 million has been paid by the Australia and New Zealand Bank (ANZ), a powerful financial group, for engaging in transactions that allegedly benefited Cuba and Sudan via U.S. bank accounts, according to a report by the Treasury Department published today in El Nuevo Herald.
The Office of Foreign Assets Control (OFAC) noted that the violations occurred in international commerce operations and foreign currency exchanges between 2004 and 2006, and involved ANZ in the process of transactions by using accounts corresponding to banking affiliates in the United States. The Miami daily adds that the sanction represents the largest fine imposed in relation to the blockade since June 2004, when the Union Bank of Switzerland received a fine of $100 million for allegedly allowing the Cuban government to use an international program created by the U.S. Federal Reserve to exchange old dollar bills for new ones. (Cubadebate)
Translated by Granma International