OFAC Amends Cuban Assets Control Regulations Implementing NSPM-5 Cuba Policy

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations (CACR) to implement National Security Presidential Memorandum-5, signed June 30, 2025. Key changes include a new prohibition on indirect financial transactions with Cuba Restricted List entities, removal of the U-Turn transaction authorization, and removal of authorizations for group...