BANCO NACIONAL DE CUBA — OFAC Entity (306)

Banco Nacional De Cuba was added to the SDN list under the Entity sanctions program. This prohibits U.S. persons from engaging in transactions with the bank and freezes its assets. The sanctions aim to restrict financial dealings with the entity.

• •Banco Nacional De Cuba was sanctioned by OFAC.
• •It is now on the SDN list under the Entity program.
• •U.S. persons are prohibited from transacting with the bank.
• •Assets of Banco Nacional De Cuba are frozen.
• •OFAC listings typically cut off normal business with U.S. entities immediately.

U.S. persons must cease all transactions with Banco Nacional De Cuba, which could limit its access to U.S. financial markets. This may significantly impact the bank's operations.