Departamento del Tesoro: Publication of Updated Cuban Assets Control Regulations (CACR)
(treasury.gov)-The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. part 515 (the “CACR”), to implement additional revisions consistent with the policy changes announced by the President on December 17, 2014. These changes are intended to further engage and empower the Cuban people by further easing sanctions related to travel, telecommunications and internet-based services, business operations in Cuba, and remittances. The CACR amendment will be published in the Federal Register on Monday (September 21, 2015), at which time the changes will take effect. OFAC is also publishing a number of new and updated Frequently Asked Questions pertaining to this regulatory amendment.