Cuban Government Opens US Bank Account Amid Diplomatic Talks In Washington

Cuban Government Opens US Bank Account Amid Diplomatic Talks In Washington

Yesterday the State Department confirmed that the Cuba government is seeking to establishing a banking relationship with a US bank.  Today, we have learned that bank is South Florida-based Stonegate Bank. “We hope this is the initial step to normalize banking ties between the two countries, which will benefit American companies wanting to do business … Read more

Cuba Tourism Rose 14.2 Percent in the First Quarter of 2015

Cuba Tourism Rose 14.2 Percent in the First Quarter of 2015

Above: Varadero Beach in Cuba By Cuba Journal Cuba’s tourism sector is surging so far in 2015, according to the newest data from the country’s National Statistical Office (ONE). The Caribbean island received 995,670 international tourists in the first quarter of 2015, up 14.2 percent from the same period in 2014. The biggest increases came … Read more

3 Key Elements Of Amendments To Cuba-Related Sanctions In Q1 2015

3 Key Elements Of Amendments To Cuba-Related Sanctions In Q1 2015

While President Obama has started the process to remove Cuba’s designation as a State Sponsor of Terrorism, other immediate changes to the US’s Cuba sanctions policy are already having an impact.  On January 15, the US Treasury Department and US Commerce Department issued amendments to the Cuban Assets Control Regulations (CACR) and the Export Administration … Read more