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World Trade Month – Business Opportunities with Cuba – May 14, 2015 – #OWITonCuba

posted by Jennifer Diaz May 11, 2015 0 comments
Are you in South Florida and thinking of doing business with Cuba? Do you want to hear from those already successfully doing business with Cuba? Do you want to fully understand what is legal now?
May 14, 2015, I have JUST the event for you! This is your LAST CHANCE to register!

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OFAC Publishes NEW FAQ on Cuba

posted by Jennifer Diaz April 16, 2015 0 comments
Today, the Office of Foreign Assets Control published a new updated Frequently Asked Questions Related To Cuba. The last FAQ from OFAC was on January 15, 2015, discussed in this previous post “Revised Cuba Regulations Officially Released“. There are 12 new questions discussed in OFAC’s new FAQ – made easy for your review – as all NEW questions are posted below, with some commentary in italics above the question.

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Urban Land Institute Discusses New Trading Opportunities with Cuba

posted by Jennifer Diaz April 2, 2015 0 comments

ULIOn April 29, 2015, the Urban Land Institute hosts private and public sector leaders for an interactive morning exploring the latest best practice trends, technology, and emerging markets affecting South Florida development, including the latest update on business with Cuba. The program will take place from 8:00 am – 11:30 am at the Sheraton Fort Lauderdale Airport Hotel, 1825 Griffin Rd. , Dania Beach, FL 33004 United States.

Get behind-the-scenes info of two the hottest developments in the nation – the Pearl District in Portland and Denver’s Union Station. Learn how technology is changing the way we plan and implement development and explore the opportunities/challenges that lie ahead with Cuba’s emerging freight and consumer goods market.

I will be joined by Barbara Pimental of the Florida Customs Brokers and Forwarders Association and Michael Williamson of Cambridge Systematics to discuss exactly what the new trading opportunities with Cuba are, and what is still subject to the current sanctions program in place. Continue Reading

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Revised Cuba Regulations Officially Released

posted by Jennifer Diaz January 16, 2015 0 comments

cuba and key west

Today, a final rule, opening U.S. trade with Cuba, was published in the Federal Register by the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s, Bureau of Industry and Security (BIS). Through this Federal Register notice, OFAC has amended its Cuban Assets Control Regulations and the BIS has amended the Export Administration Regulations with a “Support for the Cuban People” license exception. This final rule is effective today, with proposed rulemaking, opportunity for public participation, and delay in effective date deemed inapplicable because this regulation involves a foreign affairs function of the U.S.

Cuban cigars will not be readily available for U.S. consumers to purchase as a result of these changes.

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ExportImportInternational TravelOFAC

TOMORROW Updated Cuban Assets Control Regulations Take Effect

posted by Jennifer Diaz January 15, 2015 0 comments

cuba map

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it is amending the Cuban Assets Control Regulations, 31 C.F.R. part 515 (the “CACR”), which will be published in the Federal Register tomorrow, January 16, 2015, at which time the changes will take effect. Continue Reading

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How the OFAC Stole Christmas

posted by Jennifer Diaz December 23, 2014 0 comments

Reprinted with permission from Clif Burns of the Export Law Blog.

santa_f16A spokesman for the Treasury Department’s Office of Foreign Assets Control (“OFAC”) told Export Law Blog this morning that discussions between OFAC and the North Pole over Santa Claus’s Christmas Eve itinerary had once again broken down and were not expected to be resumed before Santa’s scheduled departure on December 24 at 10 pm EST. Continue Reading

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Congressional Response to President Obama’s Announcement on Future Relations with Cuba

posted by Jennifer Diaz December 18, 2014 0 comments

CubaIn a Miami Herald article published today, Congressional opposition to President Obama’s announcement that the U.S. will lay out “a new course in our relations with Cuba” was discussed. Continue Reading

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Business with Cuba – What’s Legal and What’s Not?

posted by Jennifer Diaz December 17, 2014 0 comments

Cuban cigarPresident Obama announced that the U.S. will lay out “a new course in our relations with Cuba.” This could mean new changes for very specific sectors at first – travel, financial services, telecom/communications, and companies that make and sell building materials and agricultural equipment. The current Sanctions in place will be eased for those engaged in trade and commerce. Does this mean that Cuban cigars will be readily available for U.S. consumers? No. The specific details of how this will occur are not in place yet, however they should be in the coming weeks. This does not mean the Sanctions imposed by the Cuban Assets Control Regulations issued in 1963 will end (that would take Congressional approval), they will just be eased in the following ways. Read on for the full details. Continue Reading

Best PracticesBISEventsExportFreight ForwardingOFACUncategorized

Freight Forwarder Pays $125,000 Mitigated Penalty – Avoid This & Learn 11 Steps to Exporting

posted by Jennifer Diaz May 28, 2014 0 comments

Aramex Emirates, LLC, located in Dubai, United Arab Emirates (U.A.E.), agreed to pay a $125,000 civil penalty to the U.S. Department of Commerce’s (DOC) Bureau of Industry and Security (BIS) for the unlicensed export and reexport to Syria, via the U.A.E., of network devices and software without the required BIS licenses.

The Under Secretary of Commerce Eric L. Hirschhorn commented:

Today’s settlement shows the importance of compliance with U.S. law by foreign freight forwarders handling items subject to U.S. export controls.

The items in question could be used by the Syrian government to monitor Internet activity and block pro-democracy websites as part of its brutal crackdown against the Syrian people.

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