OFAC Amends Cuban Assets Control Regulations

On November 9, 2017, the Office of Foreign Assets Control (OFAC) published a Federal Register Notice, announcing amendments to the Cuban Assets Control Regulations (CACR) to implement the National Security Presidential Memorandum on Strengthening the Policy of the United States Toward Cuba  (Cuba NSPM) of June 16, 2017.

This rule amends the licensing policy for Cuba and portions of three license exceptions available for exports and reexports to Cuba: License Exceptions Gift Parcels and Humanitarian Donations (“GFT”), Consumer Communications Devices (“CCD”), and Support for the Cuban People (“SCP”). The Bureau of Industry and Security is publishing this rule to implement portions of the National Security Presidential Memorandum on Strengthening the Policy of the United States Toward Cuba, dated June 16, 2017.

Amending the Cuban Assets Control Regulations

This rule amends the licensing policy for Cuba and portions of three license exceptions available for exports and reexports to Cuba: License Exceptions Gift Parcels and Humanitarian Donations (“GFT”), Consumer Communications Devices (“CCD”), and Support for the Cuban People (“SCP”). The Bureau of Industry and Security is publishing this rule to implement portions of the National Security Presidential Memorandum on Strengthening the Policy of the United States Toward Cuba, dated June 16, 2017.

Amending the licensing policy for Cuba and portions of three license exceptions available for exports and reexports to Cuba

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