Case No CU-78815

Date issued: Feb. 03 2012

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TURBOFAC Commentary (203 words)

Notes:

1) 515.570(f) – Heirs to Heirs

While the remittance forwarding aspects of this guidance letter relate to provision of the CACR that have liberalized since the 2012 issuance of the letter, the guidance letter interprets language in 515.570(f) that tracks what appears in that section of the CACR as of 12-20-23. More specifically, OFAC determines that for purposes of the GL authorizing remittances from blocked accounts “in the United States held in the name of, or in which the beneficial interest is held by, a national of Cuba as a result of a valid testamentary disposition,” remittances may, in principle and depending on the determinations of a U.S. probate court, be made to the heirs of the original heir in which whose name an account is opened.

2) As...