Commentary By Rail Seoane

Commentary By Rail Seoane

July 21, 2017 | Daily Business Review

Changes to US-Cuba Policy Signal Increased Cost of Due Diligence, Compliance

The Trump administration's prohibition of most transactions with a subset of Cuban persons or entities is not a novel idea with respect to the Cuban Assets Control Regulations (CACR), but it is one that adds additional complexity and transaction costs to an already Byzantine regulatory regime, as U.S. persons now need to undertake additional diligence before being able to undertake a transaction in Cuba, writes Rail Seonane.

By Commentary by Rail Seoane

9 minute read