OFAC amends Cuban Assets Control Regulations

OFAC has amended the Cuban Assets Control Regulations, 31 CFR Part 515 (CACR) to remove Cuba’s military-run entities from the remittance process. People/entities subject to US jurisdiction will no longer be authorised to process remittances to or from Cuba which involve entities/sub-entities identified on the Cuba Restricted List (CRL) as under the control of the Cuban military. This includes FINCIMEX, …

United StatesUnited States

About 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,...

See profile for Michael O'Kane >