Western Union supported the decision taken by the White House to ease restrictions on money transfer services to Cuba. The organization has been providing money transfer services from the U.S. to Cuba since 1999, in accordance with regulations under the U.S. Department of Treasury, Office of Foreign Assets Control (OFAC).
“As a purpose-driven company, Western Union firmly believes in financial inclusion – giving individuals, families, and businesses opportunities for economic growth worldwide. We have a long tradition of offering reliable money transfer services to the Cuban community both in the US and in Cuba and our company is poised to continue offering services to Cuba, consistent with regulations,” said Western Union President and CEO, Hikmet Ersek.
Microfinance Gateway, January 1, 2015
