NETHERLANDS CARIBBEAN BANK N.V.

Kaya WFG (Jombi) Mensing 14, P.O. Box 3895, Willemstad, Curacao; 5ta. Ave. No. 6407 esq. a 66, Miramar, Municipio Playa, La Habana, Cuba

N/A

US

https://ofac.treasury.gov/media/13781/download?inline

2006-07-28

US

Cuban Assets Control Regulations, 31 C.F.R. part 515

OFAC country specific

Cuba

Other travel and financial restrictions, trade embargo

Persons subject to U.S. jurisdiction are prohibited from doing business or investing in Cuba unless authorized by OFAC. An OFAC general license authorizes, subject to certain conditions and limitations, the exportation from the United States, and the reexportation from third countries, of items to Cuba where the exportation or reexportation is licensed or otherwise authorized by BIS. See 31 CFR § 515.533(a). [https://ofac.treasury.gov/faqs/topic/1541]

The Department of the Treasury issued the Cuban Assets Control Regulations, 31 CFR part 515 (the “Regulations”), on July 8, 1963, under the Trading With the Enemy Act (50 U.S.C. 4301–44). OFAC has amended the Regulations on numerous occasions. Today, OFAC, in consultation with the Department of State, is amending the Regulations to implement certain policy changes announced by the Administration on May 16, 2022 to increase support for the Cuban people, as set forth below.

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