OFAC Tightens Cuba Payment and Travel Rules, Codifies Sanctions Authorities, and Reorganizes Regulations

Posted 9/29/26

OFAC’s latest rules tighten Cuba sanctions by restricting intermediary payments, withdrawing authorization for certain dollar transfers and private-sector bank accounts, and narrowing educational and professional travel permissions. Effective September 30, 2026, the changes require prompt review of payment processing, affected accounts, and planned travel. Separate rules codify existing Iran and Cuba sanctions authorities and consolidate administrative provisions without repealing underlying compliance obligations. OFAC announcement

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