The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. part 515 (the "CACR"), to implement additional revisions consistent with the policy changes announced by the President on December 17, 2014. These changes are intended to further engage and empower the Cuban people by further easing sanctions related to, among others, financial services; commerce and trade; and travel. The CACR amendment
will be published in the Federal Register on Wednesday (March 16, 2016), at which time the changes will take effect. OFAC is also publishing a number of new and updated Frequently Asked Questions
pertaining to this regulatory amendment and a Fact Sheet
summarizing the changes.