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IPFS News Link • Cuba

American Express agrees to Cuba travel settlement

• AP
The Treasury Department found that foreign branch offices and subsidiaries of American Express issued about 14,487 tickets for travel to and from the island between December 2005 and November 2011.

Those bookings were an apparent violation of the Cuban Assets Control Regulations. The rules issued in 1963 prohibit financial transactions by banking institutions under U.S. jurisdiction in which Cuba or its citizens have an interest.

 
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