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The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control
Regulations, 31 C.F.R. part 515 (the "CACR"), to further implement the new
policy direction toward Cuba that the President announced in December 2014.
These changes are intended to further engage and empower the Cuban people and
promote political, social, and economic reform in Cuba by easing sanctions
related to, among others, scientific collaboration, humanitarian activities,
trade and commerce, and travel. The CACR amendment will be published in the
Federal Register on Monday (October 17, 2016), at which time the changes will
take effect. OFAC is also publishing a number of new and updated Frequently Asked Questions, a Fact Sheet, and updated Travel Guidance pertaining
to this regulatory amendment.
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