Advertisement On January 25, 2016, the US Treasury Department’s Office of Foreign Assets Control (OFAC) and the US Commerce Department’s Bureau of Industry and Security (BIS) announced new changes to existing US sanctions on Cuba, including OFAC’s Cuban Assets Control Regulations (CACR) and BIS’s Export Administration Regulations (EAR). These changes expand allowable financing for certain … Continue reading US Treasury and Commerce Departments Announce New Changes to Cuba Regulations