The State Department publishes a list of entities and subentities that the Secretary of State has determined are under the control of, or act for, on behalf of, or for the benefit of the Cuban military, intelligence, or security services or personnel, and with which direct or indirect financial transactions would disproportionately benefit the Cuban military, intelligence, or security services or personnel at the expense of the Cuban people or private enterprise in Cuba. This list is called the Cuba Restricted List (CRL), and is available on the State Department's website at https://www.state.gov/division-for-counter-threat-finance-and-sanctions/cuba-restricted-list.
The Cuban Asset Control Regulations (CACR) prohibit any direct or, effective September 30, 2026, indirect financial transaction with entities and subentities on the CRL. For a complete description of the scope of the prohibition on direct or indirect financial transactions and the restrictions and exceptions that apply, see 31 CFR § 515.209. Please see FAQ 735 for additional information regarding a "direct financial transaction" and "indirect financial transaction." Please see FAQ 1271 for additional information on the effect of OFAC's September 30, 2026 amendment to the CACR on the CRL.
The prohibition on direct or indirect financial transactions with entities and subentities on the CRL applies to the following general licenses: §§ 515.530 (powers of attorney); 515.534 (contingent contracts); 515.545 (information/informational materials); 515.560 (travel-related transactions); 515.561 (family visits); 515.564 (professional research); 515.565 (educational activities); 515.566 (religious activities); 515.567 (public performances); 515.572 (travel services); 515.573 (physical and business presence in Cuba); 515.574 (support for the Cuban people); 515.576 (private foundations or research or educational institutes); 515.577 (publishing); 515.578 (internet-based services); 515.581 (conferences in third countries); 515.584 (certain financial transactions); and 515.590 (certain grants, scholarships, and awards). For a complete description of what each general license authorizes and the restrictions that apply, see the aforementioned general licenses.
The CACR also excludes from the scope of certain remittance-related general licenses any transactions relating to the collection, forwarding, or receipt of remittances involving any entity or subentity identified on the CRL. This restriction is distinct from the prohibition in § 515.209, which, for example, contains certain exceptions for pre-existing commercial engagements with CRL entities or subentities. See Note 2 to § 515.209, reinforcing this distinction. Specifically, OFAC excludes from the scope of certain general licenses any transaction relating to the collection, forwarding, or receipt of remittances involving any entity or subentity on the CRL, regardless of the existence of any pre-existing commercial engagements.
In addition, § 515.421 of the CACR contains an interpretive provision for incidental transactions where OFAC has clarified that authorized transactions ordinarily incident to licensed transactions and necessary to give effect thereto exclude direct and indirect financial transactions with such entities or subentities on the CRL if the terms of the applicable general or specific license expressly exclude such direct or indirect financial transactions. Section 515.421 also clarifies that a transaction relating to the collection, forwarding, or receipt of remittances involving any entity or subentity identified on the CRL is not authorized as an ordinarily incident transaction where the terms of the general or specific license expressly exclude any such transactions. For a complete description of the scope of the interpretive provision and the restrictions and exceptions that apply, see 31 CFR § 515.421.
Finally, effective September 30, 2026, § 515.201(c) prohibits any transaction that has the purpose or effect of evading or avoiding the prohibitions on direct or indirect transactions with entities or subentities on the CRL.