Cartier reaches settlement with OFAC for violating the Foreign Narcotics Kingpin Sanctions Regulations

French retailer Cartier has agreed to pay OFAC $334,800 to settle allegations that it had violated the Foreign Narcotics Kingpin Sanctions Regulations when it exported four shipments of jewellery to Shuen Wai Holding Limited in Hong Kong, an entity which OFAC had added to the SDN List in November 2008.

The shipments had stemmed from an individual having purchased, on four separate occasions between October 2010 and April 2011, jewellery from a United States Cartier store and having provided the details of Shuen Wai Holding Limited as the ship-to party.

The enforcement action highlights the risks for companies with retail operations that engage in international transactions, specifically including businesses that ship their products directly to customers located outside of the US.

For the full enforcement information, released on 26 September 2017, click here.

This entry was posted in USA by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

Please Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s