HAVANA: A debit card backed by remittances that recently became popular in Cuba because people can use it to buy home appliances, food and replacement parts has landed on the U.S. governments restricted list.
U.S. Secretary of State Mike Pompeo said in a statement Monday that Cubas military controls American International Services and uses parent company FINCIMEX and other entities to charge fees and manipulate the remittance and foreign currency market…The profits earned from these operations disproportionately benefit the Cuban military, furthering repression of the Cuban people and funding Cubas meddling in Venezuela.
The people should be able to receive funds from their family abroad without having to line the pockets of their oppressors, he said.
FINCIMEX is a Cuban state company that processes remittances and…