OFAC Publishes Cuba Sanctions General License 1 in Federal Register
The license, effective May 7, 2026, authorizes certain Cuba-related transactions for all parties subject to EO 14404
The Office of Foreign Assets Control (OFAC) published General License 1 (GL 1) in the Federal Register on November 13, 2026 (FR Doc No. 2026-23195). The license was originally issued on May 7, 2026 and is now formally part of the regulatory record for the Cuba Sanctions program.
GL 1 authorizes, except as limited in paragraph (b), all transactions prohibited by Executive Order 14404 of May 1, 2026 to the extent such transactions are authorized or exempt under the Cuban Assets Control Regulations, 31 CFR part 515, including those covered by a general or specific license pursuant to that part.
The license expressly does not authorize any transaction that remains prohibited by 31 CFR Chapter V. OFAC made the text of GL 1 available on its website at the time of issuance, and the publication reiterates that electronic access remains at https://ofac.treasury.gov/.
The notice also records that on September 30, 2026 OFAC incorporated the prohibitions of EO 14404 into the Cuba Sanctions Regulations, 31 CFR part 516. The General License is signed by Bradley T. Smith, Director, Office of Foreign Assets Control.
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