The Office of Foreign Assets Control released Thursday the changes to Cuba travel and remittance policy announced on Jan. 14 by the White House. There aren't too many surprises in the 37-page document, but one paragraph is of special interest. After noting that U.S. citizens are now allowed to send remittances to non-family members in Cuba, the following exception is noted: The remitter's total remittances pursuant to paragraphs (b) of this section to any one Cuban national do not exceed $500 in any consecutive three-month period.">The Office of Foreign Assets Control released Thursday the changes to Cuba travel and remittance policy announced on Jan. 14 by the White House. There aren't too many surprises in the 37-page document, but one paragraph is of special interest. After noting that U.S. citizens are now allowed to send remittances to non-family members in Cuba, the following exception is noted: The remitter's total remittances pursuant to paragraphs (b) of this section to any one Cuban national do not exceed $500 in any consecutive three-month period.">

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New OFAC regulations on Cuba travel released (morning roundup)

White-house-ofac.Top News: The Office of Foreign Assets Control released Thursday the changes to Cuba travel and remittance policy announced on Jan. 14 by the White House. There aren't too many surprises in the 37-page document, but one paragraph is of special interest. After noting that U.S. citizens are now allowed to send remittances to non-family members in Cuba, the following exception is noted: The remitter's total remittances pursuant to paragraphs (b) of this section to any one Cuban national do not exceed $500 in any consecutive three-month period.

Other restrictions follow (the receiver of the remittance can't be a high party official, remitter must be over 18 years of age, etc.). The interesting thing here is that when originally reported it appeared that remitters would not be able to send more than $500 to Cuba per quarter. It now seems, however, that U.S. citizens can send $2,000 a year to as many qualified Cubans as they like.

Source: /miamiherald.typepad.com/cuban_colada/2011/

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