6 Feb 2025
🚫Cuba Restricted List Impacts Financial Transactions for Businesses
Publishing the State Department's List of Entities and Subentities Associated With Cuba (Cuba Restricted List)
Summary
The Department of State is publishing a List of Restricted Entities and Subentities Associated With Cuba (Cuba Restricted List) with which direct financial transactions are generally prohibited under the Cuban Assets Control Regulations (CACR). The Department of Commerce's Bureau of Industry and Security (BIS) generally will deny applications to export or reexport items for use by entities or subentities on the Cuba Restricted List.
Agencies
- State Department
Business Impact
$$$ - High
The publication of the Cuba Restricted List directly affects businesses by prohibiting financial transactions with listed entities, which could significantly influence compliance, trade operations, and investment decisions in or with Cuba.