New Cuba Sanctions Signal Increased Commercial Challenges

Law360, New York (November 9, 2017, 3:58 PM EST) -- On Nov. 8, 2017, the U.S. government announced changes to the Cuban Assets Control Regulations (“CACR”) and the Export Administration Regulations that implement President Donald Trump’s June 2017 National Security Presidential Memorandum, “Strengthening the Policy of the United States Toward Cuba.” The amendments, effective Nov. 9, create additional hurdles for U.S. companies seeking to do business in Cuba. In addition, the amendments underscore the need for companies subject to U.S. jurisdiction to diligently monitor changes to the U.S. sanctions landscape.

Recent Developments in Cuba Sanctions Policy

The United States introduced sanctions against Cuba in 1962, when President John Kennedy imposed a...

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