Beyond the Embargo: EO 14404 and Managing Cuba Risk

International Trade attorney Stephanie Connor will join a Kharon-hosted webinar breaking down Executive Order (EO) 14404, which imposed sanctions on broad swaths of Cuba's economy and introduced new compliance risks for financial institutions with ties to the island. The government has already relied on EO 144044, "Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy," to target a major Cuban government-controlled conglomerate and mining oil venture, and the order additionally allows for secondary sanctions on foreign financial institutions (FFIs) that engage with blocked entities. During this webinar, Ms. Connor will explain what exactly the EO authorizes and what it means for the financial services industry. The "quick take" session will provide a useful guide for companies wrestling with swift changes in compliance obligations as they look to preserve business relationships and protect strategic interests – in all the span of 30 minutes.