Halliburton Atlantic Limited and Halliburton Overseas Limited — $304,706 OFAC penalty
OFAC published a $304,706 civil penalty against Halliburton Atlantic Limited and Halliburton Overseas Limited on 02/25/2016. It is the #164 largest action in OFAC’s 1,052-entry enforcement chart and #6 of the 9 actions published that year.
What OFAC said
Halliburton Atlantic Limited (HAL) has agreed to pay $304,706 on behalf of itself and its affiliate, Halliburton Overseas Limited (HOL), to settle potential civil liability for alleged violations of the Cuban Assets Control Regulations, 31 C.F.R.
Quoted verbatim from OFAC’s enforcement release — read the original.
The record
| Entity, as published by OFAC | Halliburton Atlantic Limited and Halliburton Overseas Limited |
|---|---|
| Penalty / settlement amount | $304,706 |
| Date published by OFAC | 02/25/2016 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #164 of 1,052 |
| Rank within 2016 | #6 of 9 |
| Share of 2016 penalty total | 1.4% |
| Voluntarily self-disclosed | Yes |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Cuba |
Primary source
OFAC enforcement release: 20160225_halliburton.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Comparable 2016 actions
- WATG Holdings, Inc., and Wimberly Allison Tong and Goo (UK) Limited — $140,400
- HyperBranch Medical Technology, Inc. — $107,691
- World Class Technology Corporation — $43,200
- CGG Services S.A., and Its Affiliated Companies — $614,250
- Barclays Bank Plc — $2,485,890
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