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In Tampa? Meet the Expert May 12, 2015

I’m proud to participate in America’s SBDC’s “Meet the Expert” seminar on May 12, 2015. If you are in Tampa, you won’t want to miss this seminar. It will take place from 3:30-5:30 PM at the FSBDC at the University of South Florida, Port Tampa Bay Building, and will cover the following HOT Topics in International Law:

  • Pre-Compliance—How to Stay Penalty Free (including an update on PERSONAL liability for Importers!)
  • Cuba Update—What Does it Mean for Importers and Exporters
  • Complying with Free Trade Agreements
  • Top Tips for Importers and Exporters

For only $10, it’s a steal! 


Register HERE. 
See you […]

OFAC Publishes NEW FAQ on Cuba

Today, the Office of Foreign Assets Control published a new updated Frequently Asked Questions Related To Cuba. The last FAQ from OFAC was on January 15, 2015, discussed in this previous post “Revised Cuba Regulations Officially Released“. There are 12 new questions discussed in OFAC’s new FAQ – made easy for your review – as all NEW questions are posted below, with some commentary in italics above the question. 

What is an “organization” in the people–to-people context? 

  • In the people-to-people context, an organization is an entity subject to U.S. jurisdiction that sponsors educational exchanges that do not involve academic study pursuant to a degree program and that promote people-to-people contact. For a complete description of what this general license authorizes and the restrictions that apply, please see 31 CFR § 515.565(b).
Don’t get your personal boat ready just yet.
May an individual authorized traveler use his or her private boat to travel to Cuba? 
  • A person subject to U.S. jurisdiction engaging in authorized travel pursuant to an OFAC general or specific license may use a personal boat for his or her travel, and the travel of the boat’s crew, to Cuba provided that he or she obtains a license from the Bureau of Industry and Security (BIS) for the temporary sojourn of […]

Urban Land Institute Discusses New Trading Opportunities with Cuba

ULIOn April 29, 2015, the Urban Land Institute hosts private and public sector leaders for an interactive morning exploring the latest best practice trends, technology, and emerging markets affecting South Florida development, including the latest update on business with Cuba.

The program will take place from 8:00 am – 11:30 am at the Sheraton Fort Lauderdale Airport Hotel, 1825 Griffin Rd. , Dania Beach, FL 33004 United States. Get behind-the-scenes info of two the hottest developments in the nation – the Pearl District in Portland and Denver’s Union Station. Learn how technology is changing the way we plan and implement development and explore the opportunities/challenges that lie ahead with Cuba’s emerging freight and consumer goods market.

I will be joined by Barbara Pimental of the Florida Customs Brokers and Forwarders Association and Michael Williamson of Cambridge Systematics to discuss exactly what the new trading opportunities with Cuba are, and what is still subject to the current sanctions program in place.
Don’t miss this opportunity to network with key industry professionals and get your questions related to Cuban business transactions answered! Pre-registration ends April 27, 2015. You can register HERE.

By |2015-11-30T10:30:16-05:00April 2, 2015|Cuba|1 Comment

Revised Cuba Regulations Officially Released

cuba and key west Today, a final rule, opening U.S. trade with Cuba, was published in the Federal Register by the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s, Bureau of Industry and Security (BIS). Through this Federal Register notice, OFAC has amended its Cuban Assets Control Regulations and the BIS has amended the Export Administration Regulations with a “Support for the Cuban People” license exception. This final rule is effective today, with proposed rulemaking, opportunity for public participation, and delay in effective date deemed inapplicable because this regulation involves a foreign affairs function of the U.S.

Cuban cigars will not be readily available for U.S. consumers to purchase as a result of these changes.
Purchasing a Cuban cigar while in outside the U.S. or online is still prohibited by OFAC. The United States still maintains an embargo on trade with Cuba, which “prohibit any person subject to U.S. jurisdiction from dealing in any “property” in which Cuba or a Cuban national has or has had any interest”. The new changes announced today provide a revision to the regulations and will have a substantial impact on the following areas: travel, telecom, building materials and agricultural equipment, financial services, personal importations.

1.      Travel

  • Travel to Cuba for tourist related activity is still not authorized. “Specific licenses” will not […]

TOMORROW Updated Cuban Assets Control Regulations Take Effect

cuba map

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it is amending the Cuban Assets Control Regulations, 31 C.F.R. part 515 (the “CACR”), which will be published in the Federal Register tomorrow, January 16, 2015, at which time the changes will take effect. 

You can review the changes that will be published tomorrow here.

This is important, as it means the changes announced by OFAC tomorrow will be effective as of tomorrow, January 16, 2015, but, the Congressional response to those changes is still unknown.

OFAC is implementing policy changes announced by the President on December 17, 2014, which include “facilitating authorized travel to Cuba by U.S. persons, certain authorized commerce, and the flow of information to, from and within Cuba”.

 OFAC also published a number of Frequently Asked Questions​ pertaining to this regulatory amendment.

Stay tuned, tomorrow, we will go through the changes and what is now legal. 

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