"The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $5,512,564 penalty against AppliChem GmbH ("AppliChem") of Darmstadt, Germany", the release said on Thursday. "AppliChem violated… Cuban Assets Control Regulations when it fulfilled Cuba orders of chemical reagents on 304 invoices".
AppliChem’s US parent corporation voluntarily self-disclosed the violations, the release said. OFAC ruled that the infractions constituted "an egregious case", according to the Treasury Department.
The Cuban Assets Control Regulations, passed in 1963, is the primary mechanism for the United States to enforce its trade embargo against Cuba.
In June 2017, US President Donald Trump reversed the policy of his predecessor and abandoned attempts to normalize relations with Havana. Since then, Trump has set new limits for US citizens traveling to Cuba, and banned payments to a military-linked organization that controls the island's tourist industry.