Daewoo Heavy Industries OFAC Settlement: $55K (2004)

Last updated: July 20, 2026

Daewoo Heavy Industries America Corp. settled a civil penalty of $55,000 and Customs forfeiture for the 1999 exportation of goods destined for Cuba, in violation of the Cuban Assets Control Regulations. The company did not make a voluntary disclosure.

Penalty Amount

$55,000.00

Enforcement Date

May 7, 2004

Rank in Top Penalties

#288

Case Details

Type:: Entity
Name:: Daewoo Heavy Industries America Corp.
Country:: 🇺🇸 United States
Industry:: Machinery & Equipment
Address:: Suwanee, GA 30024
Penalty amount:: $55,000.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settled
Violation period:: From 1999
Program:: Cuba
Enforcement date:: May 7, 2004

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

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