New US regulation will end Western Union money transfers to Cuba

New US regulation will end Western Union money transfers to Cuba


Western Union is suspending US money transfers to Cuba due to new embargo regulations put in place by the Trump administration.

Fincimex, the Cuban military company that controls remittances to Cuba, said 407 Western Union offices on the Island will close on Nov. 23.

The US government published new embargo regulations this week that ban interactions with companies controlled by the Cuban military in processing money sent from the states.

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Secretary of State Mike Pompeo said that the measure seeks to cut the Cuban military out of the business and cut off funds that flow to Cuban security agencies accused of human rights violations in Cuba and Venezuela.

Western Union, which handles most of the money sent to the island from the US, is looking for alternatives to maintain the service, the Miami Herald reported. For now, customers can continue to send money to Cuba because the Trump administration gave US companies 30 days to negotiate a solution with

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