PRESIDENT TRUMP PLANS TO REIMPOSE SOME CUBAN SANCTIONS TOMORROW

If your bank is engaged in any pending transactions with Cuba, Cuban companies or entities, this year, or some client-Cuba transactions are expected, be advised that President Donald Trump will reimpose a number of financial restrictions and sanctions tomorrow, Friday, June 16, 2017. NOTE: The effective date has not been announced; nevertheless, you will want to monitor the situation, especially if your clients are doing business in Cuba.