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Cozen O'Connor | Cuba, USA | 10 Jul 2019

No fun in the sun: Trump administration further restricts aviation traffic to Cuba

The Department of Treasury's Office of Foreign Assets Control (OFAC) and the Department of Commerce's Bureau of Industry and Security recently announced rules designed to further restrict travel to Cuba, including eliminating a sub-category of authorised travel to Cuba entitled 'people-to-people educational travel'. These changes significantly restrict non-commercial aviation traffic to Cuba......
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Sidley Austin LLP | Cuba, USA | 25 Mar 2016

Cuba sanctions eased further: more opportunities for US businesses?

The Obama administration recently announced the easing of yet another set of sanctions on Cuba. The changes to the existing sanctions policy became effective through regulatory amendments to the Cuban Assets Control Regulations and the Export Administration Regulations. This marks the fourth set of amendments to the regulations since President Obama began efforts to normalise relations with......
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Sidley Austin LLP | Cuba, USA | 23 Oct 2015

Revised US-Cuba sanctions regulations another (small) step for Obama administration

The US Department of the Treasury Office of Foreign Assets Control and the US Department of Commerce Bureau of Industry and Security have amended the Cuban Assets Control Regulations and the Export Administration Regulations, respectively. The changes further align the regulations with President Obama's policy shift towards engaging and empowering the Cuban people.
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Sidley Austin LLP | Cuba, Iran, North Korea, etc. | 28 Aug 2015

Insurer settles alleged sanctions violations with OFAC

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced a $271,815 settlement with a US-based company for 48 alleged violations of various OFAC sanctions programmes. This enforcement action highlights the need for insurers and reinsurers to integrate economic sanctions into their compliance procedures.
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Sidley Austin LLP | Cuba, USA | 13 Feb 2015

Commerce and Treasury implement Cuba-related changes

In order to ease US sanctions against Cuba intended to further engage and empower the Cuban people, the US Department of Treasury Office of Foreign Assets Control and the US Department of Commerce Bureau of Industry and Security have amended the Cuban Assets Control Regulations and the Export Administration Regulations. The amendments have authorised a number of previously prohibited activities.
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Sidley Austin LLP | Cuba, USA | 23 Jan 2015

Relations with Cuba take new direction

President Obama recently announced that the United States and Cuba would renew diplomatic relations. As part of this deal, certain US sanctions against Cuba and Cuban nationals will be lifted or eased. In the coming weeks, the Treasury and Commerce Departments will amend their regulations to implement the president's announcement.
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Sidley Austin LLP | Cuba, USA | 22 Jan 2010

Omnibus Appropriations Act May Increase US Exports to Cuba

The recently signed Omnibus Appropriations Act may increase sales to Cuba of agricultural commodities, medicine and medical products by reversing a 2005 interpretation of 'cash in advance', as set out in the Trade Sanctions Reform Act 2000. During the fiscal year 2010, the term 'payment of cash in advance' shall mean "payment before the transfer of title to, and control of, the exported items......
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