OFAC Grants License Authorizing Cuba to Play in World Baseball Classic
The Treasury Department's Office of Foreign Assets Control (OFAC) today granted a specific license permitting Cuba to play in the inaugural World Baseball Classic to be held March 3-20 in the U.S., Japan and Puerto Rico.
Major League Baseball submitted a revised license application seeking permission for Cuba to play in the event after OFAC denied its original application in mid-December. The revised application that led to the granting of the license stipulates that any financial gain obtained by Cuba would be earmarked as a charitable contribution for U.S. victims of Hurricane Katrina.
Labels: OFAC
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