US TREASURY REMOVES 45 ENTITIES AND PEOPLE FROM CUBA SANCTIONS LIST

On 24 March 2015, the US Treasury removed 45 people and entities from its list of Specially Designated Nationals on its Cuba sanctions. Listed people and entities have all of their assets in US jurisdiction frozen and there is a prohibition on engaging in transactions with them.

The US Treasury’s Office of Foreign Assets Control announced that the delistings were intended to remove “out-of-date” names from its list: “While these removals are not related to the recent changes to our Cuba sanctions program and rather reflect OFAC’s consistent effort to review and update its SDN list, these delistings are in line with the President’s Cuba policy” (see previous blog).  Many of the entries removed were for people who had died, defunct companies, or sunken ships.

This entry was posted in Cuba, USA by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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