U.S. FEDRegulation
OFAC issues new Cuba Sanctions Regulations implementing May executive order
OFAC published a final rule on Sept. 30 establishing new Cuba Sanctions Regulations at 31 CFR Part 516 to implement Executive Order 14404 of May 1, 2026, on repression in Cuba. The regulations prohibit all transactions barred by the order and authorize sanctions against foreign financial institutions that conduct or facilitate significant transactions for blocked persons. OFAC issued the part in abbreviated form for immediate guidance and plans a fuller set of regulations with interpretive guidance, definitions, and general licenses.
Text (Federal Register) → · Thompson Hine SmarTrade, Office of Foreign Assets Control
Key points
- The rule took effect Sept. 30; OFAC also issued five new Cuba FAQs (1271–1275) and amended 29 existing ones.Federal RegisterOffice of Foreign Assets Control
- Separately, OFAC published an alert on 'Expanded Sanctions Against Cuba' flagging heightened transaction risks.Office of Foreign Assets Control
- SmarTrade notes the new part sits alongside Part 515, which remains in effect as amended.Thompson Hine SmarTrade
- The EO is titled 'Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy.'Thompson Hine SmarTrade
Sources3 articles across 3 outlets
Federal Register
Office of Foreign Assets Control
Thompson Hine SmarTrade