Western Union Company has said that it is ready to implement the new rules issued by The US Department of Treasury Office of Foreign Assets Control (OFAC) on sending money to Cuba.
While an affidavit is still required, the new OFAC guidelines allow persons in the US to send remittances to “close relatives” in Cuba, including aunts, uncles, cousins, and second cousins (who are nationals of Cuba); and removes limits on the total amount and frequency of remittances sent to Cuba.
Stewart Stockdale, executive vice president and president, The Americas Western Union, said: “Western Union has consistently connected families in the US with loved ones in Cuba through fast and reliable money transfer services. We look forward to expanding our Agent network to better serve consumers, consistent with OFAC’s guidelines.”
Reportedly, Western Union has been providing money transfer services from the US to Cuba since 1999, in accordance with OFAC laws. The company has 3,000 Agent locations authorized to send Western Union money transfers from the US to Cuba, and more than 100 Agent locations in Cuba.
