Calle Oficios No. 410 e/Luz y Acosta, La Habana Vieja, Habana, Cuba; Anillo del Puerto e/Pote y Linea del Ferrocarril, La Habana Vieja, Habana, Cuba; Oficios 104 Havana Vieja, Havana, Cuba; Oficina 7, Edificio Senorial, Calle 50 Apartado 31, Panama City, 5, Panama

The U.S. Department of the Treasury today took further action against Fidel Castro's oppressive regime by identifying Melfi Marine, a shipping company controlled by the Cuban government, as a Specially Designated National (SDN) of Cuba. With this step, we continue to restrict the Cuban government's access to capital by identifying and isolating companies controlled by Castro, said Juan Carlos Zarate, Treasury's Assistant Secretary for Terrorist Financing. The Castro government uses money to enrich itself and perpetuate its totalitarian regime at the expense of the Cuban people. Melfi Marine was incorporated in Panama in 1981 and is a wholly-owned subsidiary of Cimex, identified by the Treasury Department in February 2004 as a SDN of Cuba. Cimex is a holding company owned by the Castro regime. Melfi Marine provides container shipping service between Halifax, Nova Scotia, Canada and Havana, Cuba. Persons subject to U.S. jurisdiction may not engage in any transactions with Melfi Marine unless authorized by Treasury's Office of Foreign Assets Control (OFAC), and all property of Melfi Marine that is in the possession of persons subject to U.S. jurisdiction is blocked.

https://home.treasury.gov/news/press-releases/js1852

2004-08-12

US

Cuban Assets Control Regulations, 31 C.F.R. part 515

OFAC country specific

Cuba

Other travel and financial restrictions, trade embargo

Persons subject to U.S. jurisdiction are prohibited from doing business or investing in Cuba unless authorized by OFAC. An OFAC general license authorizes, subject to certain conditions and limitations, the exportation from the United States, and the reexportation from third countries, of items to Cuba where the exportation or reexportation is licensed or otherwise authorized by BIS. See 31 CFR § 515.533(a). [https://ofac.treasury.gov/faqs/topic/1541]

The Department of the Treasury issued the Cuban Assets Control Regulations, 31 CFR part 515 (the “Regulations”), on July 8, 1963, under the Trading With the Enemy Act (50 U.S.C. 4301–44). OFAC has amended the Regulations on numerous occasions. Today, OFAC, in consultation with the Department of State, is amending the Regulations to implement certain policy changes announced by the Administration on May 16, 2022 to increase support for the Cuban people, as set forth below.

SDN