OFAC amends CACR, general licenses to further restrict transactions with Cuba

The Office of Foreign Assets Control of the US Department of the Treasury has amended the Cuban Assets Control Regulations, 31 CFR part 515,  in order to limit the Cuban regime's access to foreign revenue sources.  The CACR amendments prohibit persons subject to US jurisdiction from staying in, paying for, or making a reservation at any lodging controlled by the Cuban regime, and amends four general licenses governing the importation of Cuban alcohol and tobacco products into the US.  The general license allowing US persons to organize and attend professional meetings in Cuba has been amended to withdraw such authorization, and the general license authorizing US persons to participate in athletic events, clinics and exhibitions has been replaced by a specific licensing policy.

Concurrent with the regulatory changes, the US Department of State has created the Cuba Prohibited Accommodations List, in which the names and addresses of properties belonging to the regime, prohibited Cuban officials or close relatives thereof will be published.

US Dept of the Treasury Press Release | US Dept of State Press Statement |CACR as amended

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