U.S. Departments Of Treasury And Commerce Amend Cuba Sanctions

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The U.S. Treasury Department and the Department of Commerce amended the Cuban Assets Control Regulations ("CACR") and the Export Administration Regulations ("EAR").
United States International Law
To print this article, all you need is to be registered or login on Mondaq.com.

The U.S. Treasury Department and the Department of Commerce amended the Cuban Assets Control Regulations ("CACR") and the Export Administration Regulations ("EAR").

The amendments restrict the ability of U.S. persons to travel to Cuba, thereby "channe[ling] economic activities away from the Cuban military, intelligence and security services." In particular, the CACR and EAR amendments (i) remove authorization for "group people-to-people education travel," with certain exceptions, and (ii) generally prohibit U.S. passenger and recreational vessels, and private and corporate aircraft from traveling to Cuba.

The amendments further President Trump's June 16, 2017 National Security Presidential Memorandum, titled "Strengthening the Policy of the United States toward Cuba."

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More