Comply With OFAC: Cuba Sanctions Regulations

Why Should You Attend:

Exporters and importers must develop a plan that will address the amendments and the intentional reduction for the need for specific licensing for activities in certain sectors that the administration has targeted for sanctions relief. For instance, in telecommunications, internet-based services, transportation/travel and tourism, export-import, legal services, educational activities, commercial and financial services, to name a few.

The webinar will detail appropriate Office of Foreign Assets Control (OFAC) documentation, procedures for record-keeping and the U.S. customs regulations for doing business in Cuba. It will also focus on explaining the CACR and Cuba-specific provisions of the EAR.

Areas Covered in the Webinar:

• The revised Office of Foreign Asset Control (OFAC) and the Bureau of Industry and Security (BIS) regulations and what they mean for:
• Travel and tourism
• Telecommunications and internet-based services
• Commercial and financial transactions/services
• Establishment of physical operations and presences
• Exportation and importation of goods and information
• Remittances
• Legal services
• Personal importation of gifts
• Educational activities
• Building materials
• What companies are taking advantage of the revised regulations and what exceptions/general licenses they are using
• The learner will know exactly what is stated in the revised Office of Foreign Asset Control (OFAC) and the Bureau of Industry and Security (BIS) regulations are and what they mean for business

Who Will Benefit:

Any U.S. business seeking to learn exactly what business can be done in Cuba, what the current restrictions are and how to take advantage of them, including:

• US and Global Trade Compliance Professionals
• US Export Professionals
• Supply Chain Professionals
• Global Banking Professionals
• Freight Forwarders and Carriers
• Travel Service Providers and Tourism Industry Professionals
• Global Logistics Professionals
• International Sales Professionals
• Business Development Professionals

Shaun Miller
Director, Veritas Fincrime Consulting

Shaun has an ICA Diploma in International AML and is ACAMS certified. He has recently presented Risk Based Approach to AML and CFT presentations in the Middle East. He has an in-depth knowledge of financial crime technologies, Shaun has international experience working in AML Remediation projects, external Audit, Financial Crime projects in Global Banking. He has delivered AML/ CFT training and has implemented Suspicious Activity Reporting procedures in Ireland, UK and Sweden. Shaun was a key player in Audit/Sanctions / PEP assessment projects in Tier 1 Banks in New York, UK, Hong Kong and Ireland.

Follow us :