US ADDS CUBA REMITTANCES FIRM TO RESTRICTED LIST

On 4 June, Yahoo News reported that the US has added 7 Cuban companies and hotels to its list of entities under sanctions, including financial firm Fincimex which handles remittances to the island.  The new additions to the Cuba Restricted List are 7 “sub-entities” controlled by the Cuban military, including 3 hotels, 2 diving centres and a tourist marine park.  The new listings take effect from 12 June. Direct financial transactions with such entities are prohibited.

https://news.yahoo.com/us-adds-cuba-remittances-firm-sanctions-list-083004906.html

https://www.state.gov/additions-to-the-cuba-restricted-list/

https://www.state.gov/cuba-sanctions/cuba-restricted-list/

 

 

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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

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