Cuba suspends consular services in U.S.
Cuba suspends consular services in U.S.
The Cuban government said Tuesday it has suspended all consular services it provides in the United States because it cannot find a U.S. bank willing to take its business.
The move could severely impact Cuban-Americans' ability to visit family on the island.
The U.S. State Department said Wednesday it will try to assist Cuba's bid for a solution.
-
M&T Bank, based in Buffalo, New York, did not immediately respond to an inquiry from CNN regarding the matter. The State Department said it was a "business decision."
More -->
http://edition.cnn.com/2013/11/26/world/americas/cuba-us-consular-services/index.html
A business decision? Hmmm...
Background ...
M&T Bank Halts Banking With Cuba
The potential for huge fines from the federal government has reportedly prompted Buffalo-based M&T Bank, the 30th largest bank in America, to close its bank account with the consulate of Cuba in Washington, DC.
An Obama administration spokesman said it has tried to convince M&T to keep the account open.
Cuba, however, is on the U. S. list of nations said to be engaged in terrorist activities and banking is regulated for such nations under the Office of Foreign Assets Control of the U. S. Department of the Treasury.
More -->
http://www.niagarafallsreporter.com/Stories/2013/Dec03/mtba.html
= new reply since forum marked as read
