The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing a rule removing duplicative regulatory provisions and reorganizing multiple parts within the Code of Federal Regulations (CFR). Through these actions, OFAC is eliminating over 100 subparts from its chapter of the CFR, and making information regarding delegations of authority, recordkeeping, and reporting requirements, and the Paperwork Reduction Act easier to locate.
Additionally, OFAC is amending the Iranian Transactions and Sanctions Regulations to incorporate Executive Order (E.O.) 13902 of January 10, 2020, "Imposing Sanctions With Respect to Additional Sectors of Iran."
OFAC is also publishing regulations to implement E.O. 14404 of May 1, 2026, "Imposing Sanctions on Those Responsible for Repression in Cuba and Threats to the United States National Security and Foreign Policy." Further, OFAC is amending the Cuban Assets Control Regulations, 31 C.F.R. Part 515 (CACR) to implement portions of the President's foreign policy toward Cuba.
These rules are currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on September 30, 2026.
OFAC is also issuing five new, Cuba-related Frequently Asked Questions (FAQs 1271–1275) and 29 amended, Cuba-related Frequently Asked Questions.
Finally, OFAC is publishing an OFAC Alert, "Expanded Sanctions Against Cuba," which highlights increased sanctions risks for transactions involving Cuba.