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. This prohibits U.S. persons from engaging in transactions with the bank and freezes its assets under U.S. jurisdiction. The sanctions are part of broader economic measures against entities associated with certain foreign policies.

• •Banco Nacional De Cuba added to OFAC's SDN list.
• •U.S. persons prohibited from transactions with the bank.
• •Assets of Banco Nacional De Cuba frozen in the U.S.
• •Financial institutions must block transactions involving the bank.
• •OFAC sanctions typically cut off normal business with U.S. entities immediately.

U.S. persons and entities must cease any transactions with Banco Nacional De Cuba immediately. This could affect businesses relying on banking services from this institution.