Knowledgebase: Our Policies
US Treasury Embargo Restrictions
Posted by CTX Admin on 13 October 2014 03:13 PM

In accordance with the sanctions programs administered by the U.S. Department of the Treasury, Cirtex Hosting is prohibited from doing business with anyone from certain countries, including Cuba, Iran, North Korea, Sudan and Syria, or with Specially Designated Nationals (SDNs). In the event that you are in one of the aforementioned countries, or if you are an SDN, you will not be able to sign up for our services.

Reference: http://www.treasury.gov/resource-center/sanctions/Programs/

Note: If you are a reseller, you are prohibited from providing services to clients located in the following countries as well as any persons listed on the SDN list, regardless of what country you currently reside in.

Cuba

http://www.treasury.gov/resource-center/sanctions/Programs/pages/cuba.aspx

PENALTIES: Criminal penalties for violating the sanctions range up to 10 years in prison, $1,000,000 in corporate fines, and $250,000 in individual fines. Civil penalties up to $65,000 per violation may also be imposed.

Iran (a.k.a. Persia)

http://www.treasury.gov/resource-center/sanctions/Programs/pages/iran.aspx

PENALTIES: Criminal penalties for violations of the Iranian Transactions Regulations may result in a fine up to $1,000,000, and natural persons may be imprisoned for up to 20 years. Civil penalties, which are not to exceed the greater of $250,000 or an amount that is twice the amount of the transaction that is the basis of the violation with respect to which the penalty is imposed may also be imposed administratively.

North Korea

http://www.treasury.gov/resource-center/sanctions/Programs/pages/nkorea.aspx

PENALTIES: Criminal fines for violating the Executive Orders range, upon conviction, up to $1,000,000; individuals may also face imprisonment up to 20 years. In addition, civil penalties of up to $250,000 or twice the amount of the underlying transaction may be imposed administratively for each violation.

Sudan

http://www.treasury.gov/resource-center/sanctions/Programs/pages/sudan.aspx

PENALTIES: Criminal fines for violating the Regulations range, upon conviction, up to $1,000,000; individuals may also face imprisonment of up to 20 years. In addition, civil penalties of up to $250,000 or twice the amount of the underlying transaction may be imposed administratively for each violation.

Syria

http://www.treasury.gov/resource-center/sanctions/Programs/pages/syria.aspx

PENALTIES: Criminal penalties for violating the sanctions range up to 10 years in prison, $500,000 in corporate fines and $250,000 in individual fines. In addition, civil penalties of up to $11,000 per violation may be imposed administratively.


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