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Federal Contractor Misconduct Database (FCMD)
The federal government routinely awards contracts to companies with
histories of misconduct, including
…
contract fraud and other
violations. POGO believes that providing this website will help to
improve contracting decisions and increase public knowledge of how
the government spends billions of taxpayer dollars each year.
Read more…
Violations of the Cuban Assets Control Regulations
Philips Electronics of North America paid $128,750 to settle allegations of violating the Cuban Assets Control Regulations between June 2004 and March 2006. The Office of Foreign Assets Control (OFAC) alleged that Philips acted without an OFAC license through an employee’s travel to Cuba in connection with the sale of medical equipment.
- Misconduct Type
- Import/Export
- Enforcement Agency
- Treasury
- Contracting Party
- None
- Court Type
- N/A
- Disposition
- Fine
- Date of Fine Announcement
- 7/1/2009
| Contractors Involved |
Penalty |
| Total |
|
| Philips |
$128,750
|
