Is OFAC Curbing Cuba Junkets?

Thursday, August 23, 2012
After a year of allowing "people-to-people" travel to serve as a gateway for tourism junkets to Cuba, the Office of Foreign Assets Control (OFAC) appears to be implementing its new rules tightening the requirements for such trips.

Is this proves to be the case, kudos to OFAC.

Excerpt from the Detroit Free Press:

Almost no organizations that got licenses from the U.S. Treasury Office of Foreign Assets Control (OFAC) last year to sponsor trips to Cuba have received renewals. Trips that were advertised have been scrapped. Organizations are left to wait without any updates or information.

“We work with about 30 different non-profit organizations that have programs to Cuba in next 12 months, and 100% of them have not received renewals of licenses,” said Jim Friedlander, president of Academic Arrangements Abroad in New York, a travel service provider, late Tuesday.