Cuba: Export Compliance and Licensing

In 2017 TSI Global Consulting was retained to advise on EAR regulations and licensing by a major hardware manufacturer that wanted to export building construction supplies to Cuba. The niche opportunity developed as a result of recent regulatory liberalization initiatives that were put into place by the waning Obama Administration which allowed for some limited exports of construction material to the private sector in Cuba as an exception to the ongoing trade embargo. We also assisted the company in navigating and ensuring compliance with the Cuban Assets Control Regulations or CACR administrated by the US Department of the Treasury, Office of Foreign Asset Controls (OFAC)