The Ministry of the Interior (Minint) is investigating Humberto Julio Mora Caballero, a native of Camagüey and resident of Miami. Who is accused of organizing a network dedicated to the illegal trafficking of foreign currency. The withholding of family remittances destined for Cuba, according to the Granma newspaper and Cuban television.
According to Lieutenant Colonel Yisnel Rivero Crespo, head of the Economic Crimes Department of the MININT’s Investigative Body. Between February and September 2025 the network handled more than one billion Cuban pesos and approximately 250,000 US dollars. Under an international financial compensation scheme.
Lieutenant Colonel Yisnel Rivero Crespo, head of the Economic Crimes Department of the MININT’s Investigative Body.
The operation consisted of collecting dollars in the United States and delivering Cuban pesos in Cuba. Using the illegal exchange rate published by the counterrevolutionary digital website, El Toque. With these funds, Mora Caballero financed wholesale purchases for Cuban micro, small, and medium-sized enterprises (MSMEs). Which were required to pay him back in cash through retail sales.
Rivero Crespo explained that the financier profited in two ways: he charged relatives in the U.S. between 8 and 12 percent for distributing remittances. Also he demanded the same margin from the MSMEs for importing goods.
Last July, a crackdown was carried out against the first network organized by Mora Caballero. Resulting in the seizure of assets and cash, and the prosecution of its members. However, the leader quickly rebuilt the structure with millions of dollars and continued operating.
This scheme directly impacts the Cuban economy by hindering the legal entry of dollars in remittances. Weakening the solvency of the banking system, and encouraging tax evasion through the use of cash outside of electronic channels.
Rivero Crespo pointed out that the financier lacks licenses in the United States to conduct financial intermediation and uses front companies to circumvent controls. Cuba has informed U.S. authorities about these operations without receiving a response.
Confronting these networks is part of the zero-tolerance policy against economic crimes. In defense of the country’s institutions and financial sovereignty.
With information from CNA
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