OFAC · General License · July 23, 2026 · #103

OFAC issues Cuba-related GLs 2,3 and 4

OFAC issued three Cuba General Licenses. General License 2 authorizes the wind-down of transactions involving CEIBA Investments Limited (or entities in which it holds a 50%+ interest) through August 22, 2026, provided payments to blocked persons are routed into a blocked, interest-bearing U.S. account. General License 3, covering the same wind-down window, authorizes divestment of CEIBA-issued debt or equity to non-U.S. persons, settlement of pre-existing trades in that debt/equity, and unwinding of related derivative contracts, while excluding new U.S. purchases or sales to other blocked persons. General License 4 authorizes transactions ordinarily incident to the official business of third-country diplomatic and consular missions in Cuba, including personal-expenditure processing for mission staff and their families, but excludes transfers to blocked persons beyond taxes, fees, and permit-related payments, and does not unblock any previously blocked property.

Key facts

Authority
OFAC
Action Type
General License

Sources

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