Treasury and Commerce Announce 6th Recent Liberalization of Cuban Regulations

On October 14, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS) announced new amendments to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), respectively.  The changes took effect on October 17, 2016, when they were published in the Federal Register.  The amendments help create additional economic opportunity for Cubans and Americas, in line with President Obama’s announcement on December 2014.