EPISODE · Sep 30, 2022 · 10 MIN
Can I Send a Remittance to Cuba?
from AML Conversations · host AML RightSource
The Office of Foreign Assets Control (OFAC) has issued updated FAQs clarifying the regulations about people in the US sending electronic remittances to Cuba. This update is particularly timely given the recent devastating hurricane damage. John and Elliot review the key elements of the updates. They discuss the approved channels, the persons authorized to send and receive payments, and how banks and other service providers can meet their obligations under the rules.
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Can I Send a Remittance to Cuba?
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