31 CFR § 515.584 - Certain financial transactions involving Cuba.

Date issued: Sep. 09 2019

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TURBOFAC Commentary (844 words)

Notes:

1) Refer generally to Cuba FAQs categorized as addressing 515.584.

2) Subsection (a): See FAQ # 742, FAQ # 743 and FAQ # 744, and comments thereto.

3) 515.584(c) provides that:

"[a]ll transactions incident to the processing and payment of credit and debit cards involving travel-related and other transactions consistent with §515.560 are authorized."

515.560(c), which cross-references 515.584(c), provides that:

"persons generally or specifically licensed under this part to engage in transactions in connection with travel to, from, and within Cuba may engage in the following transactions...[a]ll transactions incident to the processing and payment of credit cards, debit cards, stored value cards, checks, drafts, travelers' checks, and similar instruments used or negotiated in Cuba by any person authorized pursuant to this part to engage in financial transactions in Cuba are authorized..."

It would...