The US State Department included the Cuban company Fincimex on its list of restricted entities on Wednesday.
Secretary of State Mike Pompeo announced the inclusion of seven Cuban companies and hotels in the list of restricted entities linked to the Cuban military.
It is not immediately clear how the Western Union agreement with Fincimex to send money to Cuba would be affected, since the Treasury Department will not publish the new regulations until June 12.
Other companies in Miami and other US cities that send remittances to Cuba could also be affected because they operate on the island through Fincimex, Morales said.
John Kavulich, president of the US-Cuba Trade and Economic Council surmises that “The Trump Administration expects that Western Union Company and Mastercard International will request Cuba either identify or create another entity or entities not affiliated with the Revolutionary Armed Forces of Cuba which would process the financial transactions.”
