Cuba

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U.S. to Sanction Cuban Officials Behind Crackdown on Protesters

Washington will apply “hard-hitting sanctions” on Cuban officials responsible for cracking down on demonstrations that rattled the communist island earlier this month, a U.S. State Department official said Wednesday. In a series of tweets, Julie Chung, the acting assistant secretary for the U.S. Department of State’s Bureau of Western Hemisphere… Read More

Cuba Quietly Admits to Wildlife Trafficking Problem

By Ashley Pechinksi, InSight Crime, 15 June 2021 InSight Crime — Though Cuba’s illegal animal trade rarely makes headlines, its government has quietly raised alarms with a new wildlife trafficking law. People and businesses found trafficking wildlife now face fines of up to 1,500 Cuban pesos… Read More

Ponzi and Pyramid Schemes Spread Across Caribbean

By Katya Bleszynska, InSight Crime, 9 March 2021 InSight Crime — A new investigative report shows Ponzi and pyramid schemes have proliferated across Caribbean countries during the pandemic, and authorities have been unable to keep up. The report — by the Caribbean Investigative Journalism Network (CIJN) —… Read More
15th February 2021
If you’ve wondered how the Cuban economy has survived under one-party rule despite 59 years of a trade embargo imposed by its northern neighbor, a small yet wealthy Western European country offers a glimpse how. To stay afloat in difficult times, Cuba has relied on the same mechanism used by… Read More
18th January 2021
The Trump administration sanctioned Cuba’s interior minister and the agency overseeing the island’s state security apparatus Friday in a final push to punish the island’s government before leaving office. The U.S. Treasury Department accused Brigadier General Lázaro Alberto Álvarez Casas of “serious human rights abuses” in making the designation. Also… Read More
12th January 2021
The Trump administration on Monday announced it was returning Cuba to the U.S. list of state sponsors of terrorism, a move that could complicate any efforts by the incoming Biden administration to revive Obama-era detente with Havana. Just nine days before Republican President Donald Trump leaves office, Secretary of State… Read More
4th January 2021
The U.S. State Department on Friday added a Cuban commercial bank to its restricted list, saying it will prevent the Cuban military from benefiting from financial transactions. The State Department placed Banco Financiero International S.A. in the Cuba Restricted List starting in early January, calling it “a Cuban military-controlled commercial… Read More
31st December 2020
The U.S. Treasury has settled with BitGo over charges that it facilitated users in sanctioned areas to transact using its crypto wallet services between 2015 and 2019. BitGo, an institutional crypto custodian service and wallet operator, did not do due diligence in blocking wallet users based in Crimea, Cuba, Iran,… Read More
23rd December 2020
The United States on Monday imposed sanctions on three Nicaraguan officials over their support for left-wing President Daniel Ortega’s government. President Donald Trump’s administration has kept up a steady stream of sanctions announcements since the November election that handed Democrat Joe Biden a win. President-elect Biden is to be sworn… Read More
16th November 2020
Western Union said on Friday it was suspending U.S. money transfers to Cuba in 10 days due to the Trump administration’s latest sanction on the Communist-run island, in a blow to the many Cubans who rely on remittances from family abroad. Its customers will now have to find new ways… Read More
2nd November 2020
Dayane Medina, a 30-year old mother, had been due to pick up the equivalent of $65 that her grandmother in Jacksonville, Florida, sent her this week. “I don’t like asking her for money – she is too generous,” she blushed, confessing that her grandmother sometimes sells food stamps to… Read More
29th October 2020
Cuba said late on Tuesday Western Union would have to shut down its operations on the island due to new U.S. sanctions, thereby cutting off key remittances, but the money transfer firm said it was still exploring ways to comply with the new rules. President Donald Trump’s administration said last… Read More
1st October 2020
Two American law firms have started building class action law suits against HSBC and Standard Chartered following allegations the banking giants failed to crack down on money laundering. Labaton Sucharow and Schall Law, which both have a track record of pursuing vast legal claims against listed companies, said they have… Read More