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Home Compliance and Risk

U.S. Revises Cuba Sanctions Regulations

September 18, 2015
Reading Time: 1 min read

By Rob Rowe

The Departments of the Treasury and Commerce announced additional revisions to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), building on changes announced by President Obama in December.

The revisions will ease sanctions related to travel, telecommunications and internet-based services, business operations in Cuba, and remittances. The CACR amendment will take effect on Monday, September 21. Read the FAQs for more information. For more on the Department of Commerce’s amendments to EAR, see the Final Rule. The Final Rule is scheduled to publish on September 21.

Tags: Anti-money launderingSanctions
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Author

Robert Rowe

Robert Rowe

Rob Rowe is vice president and senior counsel for consumer and regulatory compliance at ABA.

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