On 14 February 2019 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a civil monetary penalty of $5,512,564 against AppliChem GmbH (“AppliChem”) of Darmstadt, Germany. Between May 2012 and February 2016 AppliChem violated the Cuban Assets Control Regulations, 31 C.F.R. part 515 over 300 times by fulfilling Cuban orders of chemical reagents. AppliChem is owned by Illinois Tool Works, Inc. (“ITW”), a company based in Glenview, Illinois. Although ITW voluntarily disclosed AppliChem’s violations, OFAC has determined that these apparent violations constitute an egregious case.
For more information on this case please read the web notice.