Last week, President Obama authorized the elimination of a ban on Cuban access to the international banking system, which in turn would allow a Cuban national to make a living in the United States without requiring that person to emigrate. As a result, the door now is open for Cuban baseball players to legally play for a Major League Baseball (MLB) club while maintaining a permanent residence in Cuba. Continue reading “Recent Changes to the Trade Embargo May Facilitate Cuban Baseball Players Being Able to Legally Play for MLB Teams”
Tag: Banking
Important Changes to Byzantine Cuban Assets Control Regulations
For over 50 years, the ability to travel to Cuba and do business or trade with Cuban nationals has been governed by a byzantine set of regulations administered by the Department of Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS). Continue reading “Important Changes to Byzantine Cuban Assets Control Regulations”