Rule · OFAC · 13 Nov 2026 · 2026-23195
OFAC is publishing General License No. 1, issued May 7, 2026, which authorizes all transactions prohibited by Executive Order 14404 to the extent they are authorized or exempt under the Cuban Assets Control Regulations, 31 CFR part 515, including transactions authorized by a general or specific license under those regulations. The license does not authorize any transaction otherwise prohibited by 31 CFR Chapter V. The prohibitions of E.O. 14404 were incorporated into the Cuba Sanctions Regulations, 31 CFR part 516, on September 30, 2026.
DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 516 Publication of a Cuba Sanctions Regulations Web General License AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of a web general license. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued in the Cuba Sanctions program: GL 1. This GL was previously made available on OFAC’s website. DATES: GL 1 was issued on May 7, 2026. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Regulatory Affairs, 202–622–4855; or https:// ofac.treasury.gov/contact-ofac. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. Background On May 7, 2026, OFAC issued GL 1 to authorize certain transactions otherwise prohibited by Executive Order (E.O.) 14404 of May 1, 2026, ‘‘Imposing Sanctions on Those Responsible for Repression in Cuba and
for Threats to United States National Security and Foreign Policy (91 FR 25061, May 1, 2026). On September 30, 2026, OFAC incorporated the prohibitions of E.O. 14404 into the Cuba Sanctions Regulations, 31 CFR part 516. GL 1 was made available on OFAC’s website (https://ofac.treasury.gov) when it was issued. The text of this GL is provided below. OFFICE OF FOREIGN ASSETS CONTROL Executive Order 14404 of May 1, 2026 Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy GENERAL LICENSE NO. 1 Transactions Authorized Pursuant to the Cuban Assets Control Regulations (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by Executive Order 14404 are authorized to the extent such transactions are authorized or exempt under the Cuban Assets Control Regulations, 31 CFR part 515 (CACR), including transactions authorized by a general or specific license pursuant to the CACR. (b) This general license does not authorize any transaction that is otherwise prohibited by 31 CFR Chapter V. Dated: May 7, 2026. Bradley T. Smith, Director, Office of Foreign Assets Control. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026–23195 Filed 11–12–26; 8:45 am] BILLING CODE 4810–AL–P
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“authorize certain transactions otherwise prohibited by Executive Order (E.O.) 14404 of May 1, 2026”
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