Obama administration is letting US carriers bring phone and internet service to Cuba
US telecom companies are now able to set up shop in Cuba for the first time thanks to loosening trade and travel restrictions between the two countries. Starting Monday, companies like AT&T and Verizon will be able to establish a physical presence in Cuba, partner with Cuban companies, and enter into licensing agreements to provide […]
Dutch bank hit with record fine for passing money through U.S. financial entities on behalf of Cuban and Iranian clients
In the largest fine ever assessed against a financial institution for violating U.S. sanctions on Cuba and Iran, Netherlands-based ING Bank will pay $619 million to the U.S. government, the Justice Department announced Tuesday. ING agreed to pay the fine for secretly moving more than $2 billion through U.S. financial institutions in 20,000 transactions from […]