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 entity and freezes any assets they may hold in the U.S.

• •Banco Nacional De Cuba was added to the SDN list.
• •This action freezes their assets in the U.S.
• •U.S. persons are prohibited from transacting with them.
• •Compliance is mandatory for U.S. financial institutions.
• •OFAC is the part of the US Treasury that enforces economic sanctions.

U.S. persons must cease any transactions with Banco Nacional De Cuba and ensure compliance with the sanctions. This could impact businesses that previously engaged with them.