Fincimex

Fincimex (Financiera Cimex S.A.) is a Cuban financial services company operating under the umbrella of GAESA, the armed forces' commercial empire. It functions as the primary intermediary for hard-currency payments in Cuba's tourism sector and for international remittance processing, handling foreign payment cards, remittance transfers and foreign exchange for tourists and the state. It was placed on the US Cuba Restricted List by the Trump administration in 2020, prohibiting US financial institutions from processing transfers involving Fincimex, effectively blocking the main remittance channel for Cuban-Americans sending money to family on the island. This restriction is one of the most economically significant measures in Cuba sanctions, as remittances had been running at $3-4 billion annually before it.

Fincimex remains the single chokepoint linking domestic Cuban cards to international networks, and it is directly implicated in the failure of Cuba's April 2026 CADECA parallel-market currency reform: because it stays on the Restricted List, US-based remittance providers cannot route funds through it, reducing the hard-currency inflows a functional official market would need.