http://www.granma.cu/ingles/news-i/30agost-reprisals.html
Havana. August 30, 2011 New blockade reprisals United States fines another bank for its connections with Cuba WASHINGTON.—The powerful U.S. bank JP Morgan Chase has confirmed that it paid a fine of $88.3 million for violating restrictions imposed by the United States on commercial agreements with Cuba, Iran and Sudan. A notification from the Office of Foreign Assets Control (OFAC), part of the Department of the Treasury, states that JP Morgan processed 1,711 transfers involving Cuban individuals and entities to a value of close to $176 million, PL reports. According to OFAC, the Havana-related transactions took place from December 2005 to March 31, 2006. This is the second sanction in the context of Cuba announced by the Office this month. Other banking institutions have been subjected to the blockade’s extraterritorial measures. The fine imposed on JP Morgan Chase is the fourth largest imposed by Washington since the George W. Bush administration, when controls related to the economic blockade of Cuba – in place for more than 50 years – were tightened. [Non-text portions of this message have been removed]
