New OFAC, BIS Cuba Regulations Open Trade Doors for US Businesses

Author: Julio A. Fernandez
Date: March 14, 2016

After the announcement by President Obama in December 2014 of the dramatic change in US policy toward Cuba, the Treasury Department’s Office of Foreign Assets Control (OFAC) and the Commerce Department’s Bureau of Industry and Security (BIS) followed quickly with several new regulations and changes to existing rules concerning transactions with the island nation.[1] (more…)