Western Union to close 407 offices in Cuba following new sanctions

Yesterday (27 October 2020), we reported that OFAC had amended the Cuban Assets Control Regulations (CACR) to prohibit people/entities from processing remittances to/from Cuba involving entities under the control of the Cuban military. Cuba’s Foreign Ministry has since announced that Western Union will close its 407 agencies located in Cuba because the new measures prevent it from working with its counterpart …

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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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