Overview
On April 16, 2015, the US Department of Treasury, Office of Foreign Assets Control (OFAC) issued Frequently Asked Questions (FAQ) providing interpretative guidance regarding amendments to the Cuban Assets Control Regulations (CACR, 31 C.F.R. Part 515) implemented by OFAC on January 16, 2015. The amendments relaxed certain provisions of the CACR in support of President Obama’s new Cuba policy.
In the coming days, we will publish an advising summarizing key aspects of the FAQ.