WHO LENT MILLIONS OF DOLLARS TO CUBA'S MILITARY TO BUILD TOURIST HOTELS? REPAYMENT OF THOSE LOANS EXPOSE AMERICAN BANKS TO MAJOR U.S. SANCTIONS

Recent investigative articles in the media, which expose the fact that, in a supposedly financially destitute Cuba, where life saving medication is not available, the damaged national electrical grid fails regularly, and essential consumer supplies are not imported, the country's military is sitting on a hoard of USD$4bn. A number of major corporate entities in Cuba, officially stated to be civilian, are in truth and in fact controlled by the country's military, which takes the hard currency, US Dollars, sent from abroad as remittances, and doles out Cuban Pesos to recipients.

Engaged in a major tourist hotel construction operation, and apparently not using its own money to finance construction, it is suspected that the military is receiving loans coming from abroad. Which European banks are involved? As Cuba remains a designated State Sponsor of Terrorism in the United States, and powerful sanctions have been in place for decades, repayment of those loans, in Dollars, must transit the American financial structure, which exposes those U.S. banks processing those transfers to major American sanctions. The front companies, claimed by Cuba to be under civilian control, but which are actually managed by the military, are somehow moving loan repayments right under the nose of American banks. What's wrong with this picture?

Compliance officers at U.S. financial institutions may want to look for any transactions where any of these Cuban entities appear, even as only references. Many of them are under American sanctions:

(1) GAESA- Grupo de Administración Empresarial S.A.
(2) GAVIOTA
(3) ALMEST
(4) CIMEX
(5) HABAGUANEX
(6) ETECSA
(7) GRUPO PALCO
(8) ALMACENES UNIVERSAL

(9) FINCIMEX

(10) ORBIT