§ 515.586. Cuban official missions in the United States.
377 words·~2 min read·
/us/cfr/t31/s§ 515.586·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The provision of goods or services in the United States to the official missions of the Government of Cuba to the United States and to international organizations in the United States and payment for such goods or services are authorized, provided that:
(1)The goods or services are for the conduct of the official business of the missions, or for personal use of the employees, or persons who share a common dwelling as a family member of such an employee, of the missions, and are not for resale;
(2)The transaction does not involve the purchase, sale, financing, or refinancing of real property; and
(3)The transaction is not otherwise prohibited by law.
(b)The provision of goods or services in the United States to the employees, or persons who share a common dwelling as a family member of such an employee, of the official missions of the Government of Cuba to the United States and to international organizations in the United States and payment for such goods or services are authorized, provided that:
(1)The goods or services are for personal use of the employees, or persons who share a common dwelling as a family member of such an employee, of the missions, and are not for resale; and
(2)The transaction is not otherwise prohibited by law.
(c)Depository institutions, as defined in § 515.333, are authorized to operate accounts for, extend credit to, and process funds transfers on behalf of the official missions of the Government of Cuba to the United States, and the official missions of the Government of Cuba to international organizations in the United States, and employees thereof, subject to the limitations in paragraphs
(a)and
(b)of this section and provided that any depository institution making use of the authorization in this section must submit a report to the Department of the Treasury, Office of Foreign Assets Control, Attn: Sanctions Compliance Evaluation Division, 1500 Pennsylvania Ave NW., Annex, Washington, DC 20220, no later than 30 days following the establishment of the account. Such report shall include the name and address of the depository institution, the name of the account holder, and the account number. \[80 FR 2302, Jan. 16, 2015, as amended at 80 FR 56926, Sept. 21, 2015\]