US TREASURY AMENDS REGULATIONS TO RESTRICT REVENUE SOURCES TO THE CUBAN REGIME AND FAQ

A news release from the US Treasury on 23 September announced that the US Treasury had amended the Cuban Assets Control Regulations (CACR) to further implement the President’s foreign policy to deny the Cuban regime sources of revenue.  The changes restrict lodging at certain properties in Cuba; importing Cuban-origin alcohol and tobacco products; attending or organizing professional meetings or conferences in Cuba; and participating in and organising certain public performances, clinics, workshops, competitions, and exhibitions in Cuba.  The changes will take effect when published in the Federal Register.

OFAC also published a number of new (837 to 839) and many updated FAQ relating to the Cuba sanctions.

https://home.treasury.gov/news/press-releases/sm1134

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/topic/1541https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20200923_33

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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