Violation Tracker Individual Record

Company: 
American Express
Current Parent Company: 
American Express
Penalty: 
$204,277
Year: 
2017
Date: 
November 17, 2017
Offense Group: 
financial offenses
Primary Offense: 
economic sanction violation
Violation Description: 

American Express agreed to pay $204,277 to settle potential civil liability for 1,818 apparent violations of the Cuban Assets Control Regulations by BCC Corporate SA when it was an indirect subsidiary.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Office of Foreign Assets Control
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.