CUBAN COMMERCIAL BANK BANCO FINANCIERO INTERNATIONAL SA (BFI) TO THE CUBA RESTRICTIVE LIST BY US

On 1 January, a news release from US State Department advised that BFI has been added to the List from early January, when direct financial transactions with BFI will be prohibited.  BFI has been listed on the basis that it is controlled by the Cuban military.  Direct financial transactions with entities on the Cuba Restricted List are generally prohibited under the Cuban Assets Control Regulations, because the financial transactions would disproportionately benefit the Cuban military, intelligence, and security services at the expense of the Cuban people and private enterprise in Cuba.

https://www.state.gov/removing-the-cuban-militarys-grip-from-cubas-banking-sector/

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

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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