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Clients in Cuba, With Questions Back Home
By Colby Adams
printCORRECTION APPENDED: The partial lifting of U.S. sanctions against Cuba is raising new questions for American banks that have issued credit cards to clients traveling to the island-nation, according to compliance experts. In January, the U.S. Treasury Department revised its rules to permit credit and debit card payments for authorized travel within Cuba as part of a broader diplomatic effort to renew relations with the communist nation. The amended regulations allow Americans to travel to and transact within Cuba for various purposes, including business and family visits. Banks can also assume that clients who travel to Cuba are using bank-issued...
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