Business partners of Castro dictatorship dismayed U.S. banks won’t handle their blood money
It is really difficult if not impossible to feel any sympathy for American business partners of Cuba's brutal and murderous dictatorship. They enrich themselves with blood money and have built their businesses on the suffering, misery, and enslavement of 11-million people on the island. It should therefore come as no surprise -- especially to these unscrupulous businesses -- that in spite of the Federal licenses they may posses for their business partnerships with the Castro regime, fewer and fewer U.S. banks are willing to handle their blood money transactions.
U.S.-Cuba money transactions could get more complicated
Cuba travel agency owner Vivian Mannerud says she tried for three years to find a bank that would hold an account for her money remittance business, which was fully licensed by the U.S. government.
“Not one would do it. I tried several banks, and not just here, in Nevada, in Texas. And I showed them all my licenses,” said Mannerud, owner of Miami-based Airline Brokers. All of them said no.
The difficulties in transferring funds between the U.S. and Cuba have sparked broad concerns in the wake of M&T Bank’s decision to stop processing accounts for the Cuban diplomatic mission in Washington.
Because the bank would no longer handle its business, the Cuban Interests Section said last week it would stop processing visa, passport and other such requests — just as the peak holiday season for travel to Cuba approaches.
Cuba experts say they are now starting to worry that other banks may stop handling other Cuba transactions, such as remittances or payments for hotel bookings and airport landing fees that are legal despite the U.S. embargo against Cuba.
“Obviously this is creating havoc, and a heck of a mess may be on the horizon if things don’t get sorted out,” said Washington attorney Robert Muse, who closely follows the Cuba travel industry.
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