The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. part 515 (the "CACR"), to implement policy changes announced by the President on December 17, 2014, to further engage and empower the Cuban people by facilitating authorized travel to Cuba by U.S. persons, certain authorized commerce, and the flow of information to, from and within Cuba.
The CACR amendment will be published in the Federal Register tomorrow (January 16, 2015), at which time the changes will take effect. OFAC is also publishing a number of Frequently Asked Questions pertaining to this regulatory amendment.
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