Measures imposed by US Government against FINCIMEX harm the Cuban people.

The inclusion of Fincimex in the list of restricted entities of the US State Department in June last, as well as the Treasury Department’s modifications to the regulations for the control of Cuban assets announced on Friday, October 23, will prevent remittances to Cuba through US companies with general licenses, which will directly harm the Cuban people and their relatives in the US.  

Doing so in the middle of a pandemic corroborates the US government’s cynicism, opportunism and contempt for the Cuban people.

For more than 20 years, with professionalism and respect, Financiera Cimex S.A. has guaranteed commercial relations with companies from the US and elsewhere in the world to manage remittances to Cuba. In all these years, never has this company had to account for a single cent missing. Quite on the contrary, all its services have continued to grow, despite the pressures and aggressions against banking transactions.  

Family remittances to Cuba have been continuously politicized by the anti-Cuban extreme right. As from September, 2019, the US government has been applying coercive measures to restrict remittances.

The recently announced measures are a direct attack against family remittances. Washington spokespersons are lying when trying to pretend that the aforementioned restrictions will only affect one specific entity. Fincimex, which is part of the Cuban financial system, is the entity designated by a sovereign decision of the Cuban government, to guarantee the remittances to Cuba from the United States, which will be completely discontinued.

Among the US counterparts is Western Union, an entity whose 407 outlets in Cuba, scattered all around the country, will be shut down as a result of the implementation of these brutal measures, which will also hamper the negotiations that, at the request of Fincimex, had been taking place for some months now, in preparation for the launching of the hard currency bank accounts remittances service.

It falls upon the US government the full responsibility for the interruption of the remittances service between both countries.

Most of the Cuban émigrés in the United States support the existence of stable relations with their families, and the US government is deliberately acting to damage those relations.

Fincimex reiterates its commitment to the Cuban people in the interest of identifying and establishing safe and orderly remittances to Cuba.

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