The State Department has published an updated list of entities and sub-entities that are under the control of, or act for or on behalf of, the Cuban military, intelligence, or security services or personnel and with which direct financial transactions would disproportionately benefit such entities at the expense of the Cuban people or private enterprise in Cuba. State has added 26 newly identified subentities and made five amendments to previously listed subentities.
Persons subject to U.S. jurisdiction are generally prohibited from engaging in certain direct financial transactions with entities and sub-entities on this Cuba Restricted List. In addition, the Bureau of Industry and Security will generally deny applications for licenses to export or reexport items for use by such entities or subentities.
Copyright © 2022 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.