Featured Cuba

Against a backdrop of big changes to U.S. sanctions in respect of both Iran and Cuba, A. Katherine Toomey, Cristian Francos and Aaron T. Wolfson of Lewis Baach PLLC explain how to access funds which had been frozen - until now Read More
9th October 2018
The US Treasury’s Office of Foreign Assets Control (OFAC) has reached a $5,263,171 settlement with JPMorgan Chase Bank (JPMC) over violations pertaining to sanctions, covering Iran, the Cuban assets control rules and weapons of mass destruction proliferators. The transactions were net settlement payments, of which a ‘very small portion’… Read More
11th July 2018
AP — A 16-month freeze on new private restaurants and bed-and-breakfasts will end in December when Cuba’s communist government implements new regulations meant to prevent tax evasion and the accumulation of wealth, state media said Tuesday. Cuban officials who announced the change said that the private… Read More
18th April 2018
Most of Camilo Condis’ family emigrated from Communist-run Cuba to the United States seeking a better life, but the 32-year-old decided to stay after Raul Castro became president a decade ago and promised change. Seeking to make socialism sustainable, Castro introduced some market reforms to the state-run economy and secured… Read More
8th November 2017
The US government announced new Cuba sanctions on Wednesday, tightening restrictions as part of President Donald Trump’s pledge to roll back his Democratic predecessor’s move toward warmer ties with Havana. The changes, which take effect on Thursday, are aimed at preventing US trade and travellers… Read More
20th June 2017
In the first response by a Cuban official to a new, harsher Cuba policy unveiled by President Donald Trump last week, Foreign Minister Bruno Rodriguez said Monday that the island’s government would not buckle to the new sanctions.  … Read More
19th June 2017
Russia on Sunday accused the U.S. of returning to “almost forgotten Cold War rhetoric,” after President Donald Trump’s decision to reinstate some sanctions on Cuba. It could have dropped “forgotten.” There’s been a lively debate among historians and diplomats for years over whether the souring of relations between the U.S. Read More
27th April 2017
As one of the world’s biggest sellers of smartphones and the back-end equipment that makes cellular networks run, Huawei Technologies has become one of the major symbols of China’s global technology ambitions. But as it continues its rise, its business with some… Read More
18th January 2017
The U.S. Treasury Department’s Office of Foreign Assets Control has agreed to drop legal proceedings against longtime pro-Cuba activist Albert A. Fox Jr. in exchange for a fine of $10,000. Read More
22nd August 2016
Iranian Foreign Minister Mohammad Javad Zarif claimed that Iran understands the pressure of US imposed sanctions on Cuba and therefore will endeavor to maintain good relations with the Caribbean island nation. He made the remarks before arriving in the Cuban capital of Havana, his first visit to Latin America,… Read More
15th May 2016
Representatives of Cuba and US met in Havana on Thursday and Friday to discuss cooperation in fighting money laundering. Read More
Must Read

EU states still divided over money laundering reform – sources

European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday. EU confidential documents show countries had agreed a preliminary common stance on the reform proposed by the European Commission in September which would give more… Read More

Former UBS trader jailed for Britain’s biggest fraud deported

Kweku Adoboli, a former UBS trader jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion (1.7 billion pounds), has been deported to Ghana, his spokesman said. Adoboli was put on a commercial flight from Heathrow on Wednesday after being detained in Scotland earlier in… Read More