Washington Fines Scottish Bank for Breaching U.S. Blockade of Cuba

Edited by Juan Leandro
2013-12-12 14:34:39

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Havana, December 12 (RHC)-- Washington imposed a 100-million-dollar fine on Scotland's Royal Bank RBS for taking Cuban transactions, calling it a violation of the U.S. financial restrictions against the Caribbean island.

British media outlets reported on Thursday that an internal investigation into the Scottish bank revealed that the financial institution had violated the U.S. regulations between 2005 and 2009. Such operations were carried out with Cuba and other countries blacklisted by Washington, such as Iran, Sudan and Burma.

The New York's Department of Financial Service alleged that the Scottish bank had implemented mechanisms to prevent the release of information on transactions involving any of those nations.

According to the New York-based entity, a total of 3,500 transactions made by the bank were calculated at some 532 million dollars.

Cuba has repeatedly denounced at the United Nations and other international institutions the illegal economic, commercial and financial blockade unilaterally imposed by the United States, which has extraterritorial nature and affects third countries, such the case of Scotland.

The UN General Assembly has condemned the hostile U.S. policy against Cuba for many years now. In October this year, 188 UN member states voted against the blockade, with only Washington and Tel Aviv supporting the economic war against the Cuban people.



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