September 4, 2009
New Treasury Regulations Lift Restrictions on Cuba
The US Treasury Department issued new regulations yesterday that lift restrictions on most family visits to Cuba and ease restrictions on sending money to close relatives in Cuba. President Obama first announced these changes in April 2009, but they are now official with the issuance of the new regulations. Pursuant to the new regulations, the Office of Foreign Assets Control (OFAC) has issued a general license authorizing travel-related transactions for visits to "close relatives" (including, for example, aunts, uncles, cousins, and second cousins) who are nationals of Cuba. There is no limit on the frequency or duration such visits to "close relatives." OFAC also has issued a general license authorizing remittances to close relatives. Restrictions on telecommunications also have been eased. More information can be found here.
September 4, 2009 | Permalink
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