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LatinNews Daily - 16 November 2020
In brief: Western Union announces closure date for operations in Cuba
* Fincimex, a financial company owned by the Cuban military, has announced that US money transfer firm, Western Union (WU), which is the primary handler of remittances sent to Cuba from abroad, will close its Cuba operations on 23 November. The announcement follows new sanctions announced last month by the US government that prevent WU from working with Fincimex. On its Facebook page, Fincimex also confirmed the closure of WU’s 407 agencies in Cuba. WU has also tweeted that it has informed “our customers they have limited time to send money to their loved ones from the US due to a new US Government rule that will take effect on 26 November”.
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