BANCO NACIONAL DE CUBA — OFAC Entity (306)

Banco Nacional De Cuba was added to the SDN (Specially Designated Nationals) list under the Entity sanctions program. U.S. persons are prohibited from engaging in transactions with this entity. This action effectively freezes any assets they may have in the U.S.

• •Banco Nacional De Cuba was added to the SDN list.
• •This action prohibits U.S. persons from transacting with them.
• •Assets linked to Banco Nacional De Cuba are frozen.
• •U.S. financial institutions must block transactions.
• •OFAC sanctions typically cut off normal business with U.S. entities immediately.

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