OFAC FAQ (Current) FAQ # 757 - Cuba-related: Banking

Date issued: Aug. 27 2024

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TURBOFAC Commentary (85 words)

Notes:

1) FAQ Amended on 5-28-24 to reflect the revival of the U-turn GL at 515.584(d).

2) See FAQ 736, 515.584, and comments thereto.

4) FAQ amended on 8-27-24 to delete “nor their respective banking institution” where it appeared describing an authorization that applied “where neither the originator nor the beneficiary, nor their respective banking institution, is a person subject to U.S. jurisdiction.” See comment 4 to FAQ # 736 for more detail. This was a mistake prior to the amendment.