Navigating the Risks: Opening Bank Accounts for Cubans in the U.S.

Trafficking in Property Confiscated from Americans and Cubans has become a whole lot easier; Congress should block the regulation this year

In a recent series of stories, Miami Herald reporter Nora Gámez Torres delves into a new U.S. Treasury amendment to the Cuban Assets Control Regulations, 31 CFR Part 515 (the Regulations) that would allow certain Cuban nationals to open bank accounts in the U.S. The Cubans I am talking about are license holders in Cuba called, micro, small, and medium-…