Publication of Amended Cuban Assets Control Regulations (CACR) and Related Frequently Asked Questions

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. Part 515 (CACR) to further implement portions of the President’s foreign policy toward Cuba.  Among other things, these amendments increase support for internet freedom for the Cuban people and independent Cuban private sector entrepreneurs by expanding authorizations for internet-based services and a range of financial transactions. The rule will be published in the Federal Register on Wednesday, May 29, 2024.  

OFAC is also issuing six new, Cuba-related Frequently Asked Questions (FAQs 1174-1179) and amending eight Cuba-related Frequently Asked Questions (FAQs 732, 736, 745, 748, 757, 769, 770, and 785).