After 55 years of giving the diplomatic and economic cold shoulder to Cuba, in 2016, the U.S. initiated the first steps in restoring relations with a country that remains firmly under the control of a communist-led government. The softening of the U.S. government’s stance, beginning with the removal of Cuba from the list of state sponsors of terrorism, and the approval of certain banking transactions by Cuba nationals as well as residents, is part of a long process designed to free the country from the blockade.
With over 11 million residents and no access to American goods for over a half a century, Cuba offers multinationals, especially those based in the U.S. with access to a market potentially worth billions. What types of compliance risks, particularly those related to ABAC, will new entrants to Cuba’s markets face? How can a multinational ensure that it does not violate Anti-Bribery and Anti-Corruption laws when the Cuban economy remains largely in the hands of the country’s government?
Download “ABAC Risks in the New Cuban Era” now to learn the three recommendations that can help companies with plans to enter Cuba comply with ABAC-related laws.