Changes to Cuban Policy

The Trump administration is tightening restrictions on travel, trade, and remittances to Cuba.  The new changes are as follows:

  1. Vessels and aircrafts initially authorized to fly to Cuba on temporary sojourn will no longer be able to.
  2. OFAC is placing a cap of $1,000, the maximum amount that one remitter can send per quarter to one Cuban national as a family remittance.
  3. Leasing commercial aircrafts to Cuban State-owned airlines has been restricted.
  4. A ban on flights to nine Cuban cities has been implemented.

If you have any questions or want any more details, please feel free to contact us.

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