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2020 · OFAC REGULATION
OFAC amendments limiting remittances and travel transactions
· In force
Amended the Cuban Assets Control Regulations to cap remittances to Cuba at $1,000 per quarter for most categories and to prohibit certain travel-related transactions, including the use of properties owned by the Cuban government and payments to listed hotels.
- Citation
- 85 FR 60068
- Authority
- U.S. Department of the Treasury, Office of Foreign Assets Control
Tightened the financial and travel channels for remittances and travel introduced during the normalization period.
Topics
- Remittances
- Travel
- Finance
Sources
- Cuban Assets Control Regulations, final rule (85 FR 60068) — Federal Register (primary)