GraceKennedy vice president Michael McNaughton
Cayman Compass 4/21/2016 | People in Cayman can now transfer cash to Cuba, officials with Western Union and GraceKennedy Money Services announced Thursday.
Western Union restarted services in Cayman in November in a new deal with the GraceKennedy Group and Scotiabank. The popular cash-transfer service closed suddenly last summer when Fidelity Bank decided to pull out of the business.
The new Cuba service means that anyone in Cayman will be able to send money to the country that has been under trade embargoes for decades.
Andre Largie, with Western Union, said regulatory changes and thawing relations between the Communist state and Western governments made the new deal possible.