OFAC Issues General License Relating To Cuba Transactions

Office of Foreign Assets Control
United States Department of the Treasury
Washington DC

7 May 2026

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. 

Bradley T. Smith
Director
Office of Foreign Assets Control