OFAC FAQ (Current) FAQ # 776 - Cuba-related: Trade/Business

Date issued: Nov. 08 2017

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TURBOFAC Commentary (373 words)

Notes:

1) FAQ clarifies that the "global" in 515.580 doesn't really mean "global," as in no exclusions at all (i.e. for certain dangerous regions or destinations), but instead "it cannot be specific to travel to Cuba." The wording of the FAQ and example appears to limit the word "global" to "not specific to Cuba."

Query: is insurance for a third-country national's cruise to the Caribbean (stopping off at Cuba along with other destinations) within the scope of 515.580? The FAQ suggests that the answer may be yes. Ditto a blanket policy insuring a third-country travel agent that is substantially "in the business of planning trips to Cuba" (e.g. certain cruise operators), but not "solely." If OFAC did not mean to suggest that such policies were within the scope of 515.580, the FAQ surely could have been clearer on the point. Compare part...