OFAC announced two settlement agreements: (1) a US$140,400 settlement agreement with WATG Holdings, Inc., and its subsidiary, Wimberly Allison Tong and Goo (UK) Limited for apparent violations of the Cuban Assets Control Regulations; and (2) a US$2,485,890 settlement agreement with Barclays Bank Plc for apparent violations of the Zimbabwe Sanctions Regulations. The latter settlement agreement involved apparent violations of the so-called “50 Percent Rule.” OFAC also issued a Finding of Violation to Johnson and Johnson (Middle East) Inc. for violations of the Sudanese Sanctions Regulations in connection with facilitation of the exportation of goods to Sudan.
