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.