OFAC Fines U.S. Company US$608,825.00 For Shipments (Including Foodstuffs) To Cuba By Colombia-Based Subsidiary. Fine Could Have Been US$4,007,088.00.
/Enforcement Release: July 2, 2025
Key Holding, LLC Settles with OFAC for $608,825 Related to Apparent Violations of Cuban Assets Control Regulations
The statutory maximum civil monetary penalty applicable in this matter is $4,007,088.
Key Holding, LLC, a privately held global logistics company based in Delaware, has agreed to pay $608,825 to settle its potential civil liability for apparent violations of OFAC sanctions on Cuba. Between January 2022 and July 2023, Key Holding, LLC’s Colombian subsidiary, then called Key Logistics Colombia S.A.S., managed the logistics for 36 freight shipments from Colombia to Cuba. The settlement amount reflects OFAC’s determination that Key Holding, LLC’s apparent violations were not egregious and were voluntarily self-disclosed, and further reflects the remedial measures implemented upon discovery of the apparent violations.
