How the OFAC Stole Christmas

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

A 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. […]

By |2021-11-09T14:51:47-05:00December 23, 2014|Export, U.S. Office of Foreign Assets Control (OFAC)|Comments Off on How the OFAC Stole Christmas

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

In 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. […]

By |2021-11-09T14:53:23-05:00December 18, 2014|Export, Import, International Travel, U.S. Office of Foreign Assets Control (OFAC)|Comments Off on Congressional Response to President Obama’s Announcement on Future Relations with Cuba

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

President 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. […]

By |2021-11-09T14:54:30-05:00December 17, 2014|Export, Import, International Travel, U.S. Customs and Border Protection (CBP), U.S. Office of Foreign Assets Control (OFAC)|Comments Off on Business with Cuba – What’s Legal and What’s Not?
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