{"version":"1.0","provider_name":"Customs &amp; International Trade Law Firm","provider_url":"https:\/\/diaztradelaw.com","author_name":"Jennifer Diaz","author_url":"https:\/\/diaztradelaw.com\/author\/jen\/","title":"Top 10 Changes with Cuba as a Result of NEW Revised OFAC and BIS Regulations - Customs &amp; International Trade Law Firm","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"oUfw66rEZL\"><a href=\"https:\/\/diaztradelaw.com\/services\/cuba\/top-10-changes-with-cuba-as-a-result-of-new-revised-ofac-and-bis-regulations\/\">Top 10 Changes with Cuba as a Result of NEW Revised OFAC and BIS Regulations<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/diaztradelaw.com\/services\/cuba\/top-10-changes-with-cuba-as-a-result-of-new-revised-ofac-and-bis-regulations\/embed\/#?secret=oUfw66rEZL\" width=\"600\" height=\"338\" title=\"&#8220;Top 10 Changes with Cuba as a Result of NEW Revised OFAC and BIS Regulations&#8221; &#8212; Customs &amp; International Trade Law Firm\" data-secret=\"oUfw66rEZL\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/diaztradelaw.com\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>\n","description":"As of January 27th, 2016, both OFAC and the BIS have amended their regulations again, and below details the top 10 changes as a result. \u00a0The last update was on\u00a0September 21, 2015, and can be found here. \u00a0While the United States maintains its broad embargo on trade with Cuba, OFAC and BIS have released amendments to the Cuban Assets Control Regulations designed to advance President Obama\u2019s policy to engage and empower the Cuban people.\u00a0 The new changes, which can be found here and here, expand the scope of authorized business and travel by U.S. person and companies inside of Cuba. These changes were put into place to help facilitate engagement between the U.S. and Cuba.\u00a0 Click here to read FAQ\u2019s related to Cuba from the OFAC. Below we\u2019ve providing you with a detailed summary of the top 10 significant changes: Export Trade Financing OFAC has amended sections of the regulations removing former restrictions on payment and financing terms for all exports from the U.S. or re-exports of 100% U.S. origin items authorized by the Department of Commerce, other than exports of agricultural items or commodities. &#8211; 515.533(a) The amended rules will allow for financing of export trading through U.S. banks. Prior to the amendments, financing was required to be cash in advance or third country financing. &#8211; 515.584, and \u00a7515.421 Travel from the United States to Cuba OFAC has amended the regulations to authorize entry of U.S. Nationals into blocked space, code-sharing, and leasing arrangements. This is an effort to [&hellip;]","thumbnail_url":"http:\/\/customsandinternationaltradelaw.ignite.lexblog.com\/wp-content\/uploads\/sites\/74\/2016\/02\/BIS-and-OFAC-AND-CUBA-300x172.jpg"}