Alerts

OFAC Amends the Cuban Assets Control Regulations

October 1, 2009

During the 2008 presidential campaign, then-Senator Barack Obama promised greater engagement with Cuba, contrary to the more stringent Cuba policies of the prior administration. Not long after his inauguration, on April 13, 2009, President Obama announced, in a White House press release, “a series of changes in U.S. policy to reach out to the Cuban people in support of their desire to freely determine their country’s future.” A fact sheet distributed by the White House stated that these changes will “help bridge the gap among divided Cuban families and promote the freer flow of information and humanitarian items to the Cuban people[.]”