The American animal nutrition company BIOMIN America, Inc. made a payment of US$ 257,862 to settle its possible civil liability for apparent violations of Cuba’s Asset Control Regulations.
According to the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, this corporation, based in Overland Park, Kansas, between July 2012 and September 2017, participated in a total of 30 sales of agricultural products produced outside the U.S. territory to Alfarma SA in Cuba, without authorization from OFAC, which resulted in 44 apparent violations of that country’s legislation.
In this regard, BIOMIN developed a transaction structure that it incorrectly determined would be consistent with the nation’s sanction requirements, which resulted in OFAC’s determination that the company voluntarily disclosed the apparent violations, and that these violations constitute a non-serious case.
This industry, which specializes in harnessing science to support animal health and performance through the application of updated technology, adds to the long list of U.S. companies affected by the extraterritoriality of the White House’s economic, commercial and financial blockade against the largest of the West Indies.
Since the entry into force of Title III of the Helms-Burton Act in May 2019, the extraterritorial nature of the embargo has become evident in Cuba’s trade relations with production companies in all branches of the economy.
