More than 400 Western Union offices in Cuba will close their doors due to new embargo regulations imposed by the Trump administration, Fincimex, the Cuban military company that controls remittances to Cuba, said Tuesday.
But Western Union, which handles the lion’s share of the money sent to the island from the United States, said it continues looking for alternatives to maintain the service.
The Trump administration published new embargo regulations Tuesday that prohibit the participation of companies controlled by the Cuban military in the processing of remittances. In a statement, 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.
Read more from our news partner at The Miami Herald.
