New OFAC guidance on dollar transactions with Cuba

OFAC has added two new questions to its FAQ on US sanctions against Cuba, relating to the use of the US dollar in certain transactions (link here). Question 43 sets out the circumstances in which the US dollar may be used to conduct transactions in Cuba or with Cuban nationals, which includes activities authorised by the Cuban Asset Control Regulations...

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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