US Treasury Issues Changes to Strengthen Cuba Sanctions Rules

On 6 September, the US Treasury announced that OFAC had amended the Cuban Assets Control Regulations (CACR) which amend certain authorisations related to the provision of remittances to Cuba and eliminate the authorisation for specific financial transactions known as “U-turn” transactions.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s