OFAC FAQ (Current) FAQ # 732 - Cuba-related: Remittances (PDF contains all versions)

Date issued: May. 28 2024

Last substantive commentary amendment:
May. 30 2024

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TURBOFAC Commentary (131 words)

Notes:

1) Refer generally to 515.570, and comments thereto. No substantive interpretive guidance provided in the FAQ, which provides a broad overview of the Sept. 9, 2019 changes to 515.570.

2) FAQ Amended on 10-26-2020 to make stylistic changes and to account for the publication of an FR notice announcing certain remittance-related amendments to take effect on Nov. 26, 2020. For further details, see FAQ # 852, and comments thereto. The last sentence of the FAQ was added.

3) FAQ amended on 6-8-22 to account for amendments to the CACR involving the restoration of two sections within the remittances GL.

4) FAQ amended on 5-28-24 to account for the change to 515.340 changing the operative definition from "self-employed individual" to independent...