Featured Cuba

Trump sanctions Cuba’s interior minister and security agency, ramping up pressure on island

The Trump administration sanctioned Cuba’s interior minister and the agency overseeing the island’s state security apparatus Friday in a final push to punish the island’s government before leaving office. The U.S. Treasury Department accused Brigadier General Lázaro Alberto Álvarez Casas of “serious human rights abuses” in making the designation. Also… Read More

Trump returns Cuba to U.S. list of state sponsors of terrorism

The Trump administration on Monday announced it was returning Cuba to the U.S. list of state sponsors of terrorism, a move that could complicate any efforts by the incoming Biden administration to revive Obama-era detente with Havana. Just nine days before Republican President Donald Trump leaves office, Secretary of State… Read More

U.S. State Department bans business with Cuban bank BFI

The U.S. State Department on Friday added a Cuban commercial bank to its restricted list, saying it will prevent the Cuban military from benefiting from financial transactions. The State Department placed Banco Financiero International S.A. in the Cuba Restricted List starting in early January, calling it “a Cuban military-controlled commercial… Read More
31st December 2020
The U.S. Treasury has settled with BitGo over charges that it facilitated users in sanctioned areas to transact using its crypto wallet services between 2015 and 2019. BitGo, an institutional crypto custodian service and wallet operator, did not do due diligence in blocking wallet users based in Crimea, Cuba, Iran,… Read More
23rd December 2020
The United States on Monday imposed sanctions on three Nicaraguan officials over their support for left-wing President Daniel Ortega’s government. President Donald Trump’s administration has kept up a steady stream of sanctions announcements since the November election that handed Democrat Joe Biden a win. President-elect Biden is to be sworn… Read More
17th November 2020
Airbnb Inc. said it made voluntary disclosures to the Treasury Department about its compliance efforts and certain user activity on its platform that may have been at odds with requirements under U.S. sanctions laws. The San Francisco-based home-sharing company said it conducted an internal review and is in discussions with… Read More
16th November 2020
Western Union said on Friday it was suspending U.S. money transfers to Cuba in 10 days due to the Trump administration’s latest sanction on the Communist-run island, in a blow to the many Cubans who rely on remittances from family abroad. Its customers will now have to find new ways… Read More
2nd November 2020
Dayane Medina, a 30-year old mother, had been due to pick up the equivalent of $65 that her grandmother in Jacksonville, Florida, sent her this week. “I don’t like asking her for money – she is too generous,” she blushed, confessing that her grandmother sometimes sells food stamps to… Read More
2nd November 2020
Economic and trade sanctions have become a top U.S. foreign-policy tool for the Trump administration, and that would be unlikely to change under his Democratic challenger, Joe Biden. Yet, with the coronavirus pandemic and the economic fallout taking center stage of the election season, Mr. Biden hasn’t said much about… Read More
29th October 2020
Cuba said late on Tuesday Western Union would have to shut down its operations on the island due to new U.S. sanctions, thereby cutting off key remittances, but the money transfer firm said it was still exploring ways to comply with the new rules. President Donald Trump’s administration said last… Read More
2nd October 2020
Generali Global Assistance Inc. agreed to pay nearly $5.9 million to resolve apparent violations of U.S. sanctions on Cuba, in a settlement that the U.S. Treasury Department said underscored the need for companies to be cognizant of indirect sanctions risks. The self-reported case stems from Cuba-related insurance reimbursements that the… Read More
1st October 2020
Two American law firms have started building class action law suits against HSBC and Standard Chartered following allegations the banking giants failed to crack down on money laundering. Labaton Sucharow and Schall Law, which both have a track record of pursuing vast legal claims against listed companies, said they have… Read More
24th July 2020
By Olesya Shmagun, OCCRP, 22 July 2020 OCCRP – Though its population barely exceeds 200,000 people, Geneva is one of the world’s most important diplomatic centers. The International Red Cross and the World Health Organization are headquartered in the picturesque Swiss city, along with the second-largest office of the… Read More