31 CFR 515.201: Cuba, transactions involving Cuba or Cuban nationals are prohibited (31 CFR 515.201(a))
A US buyer cannot pay a Cuban holder or take a licence in which Cuba or a Cuban national has an interest without a licence from OFAC. OFAC tightened the Cuba rules again on 30 September 2026.
Dated 18 Oct 2026Source checked 18 Oct 2026Basis: primary text
In the source's own words
“All of the following transactions are prohibited, except as specifically authorized by the Secretary of the Treasury ... if either such transactions are by, or on behalf of, or pursuant to the direction of a foreign country designated under this part, or any national thereof, or such transactions involve property in which a foreign country designated under this part, or any national thereof, has at any time on or since the effective date of this section had any interest of any nature whatsoever, direct or indirect:”
Where it was read
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