Opportunity
Federal Register #2026-19973
OFAC Final Rule Revises Cuba-Related Financial and Travel Authorizations
Buyer
Department of the Treasury, Office of Foreign Assets Control (OFAC)
Posted
September 30, 2026
Identifier
2026-19973
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a final rule revising Cuba-related sanctions and authorizations. - Government buyer: None; this is a regulatory action, not a procurement opportunity. - OEMs and vendors: None mentioned. - Products and services requested: None; no quantities or part numbers are provided. - Notable regulatory changes: - Prohibits indirect financial transactions with entities or subentities on the Cuba Restricted List. - Removes authorization for U-Turn transactions and certain banking activity. - Revises authorizations involving travel to Cuba, including group people-to-people travel, professional meetings, and certain educational activities.
Description
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations to implement portions of the President's foreign policy toward Cuba, including the 2025 NSPM-5. The final rule prohibits indirect financial transactions with entities or subentities on the Cuba Restricted List and amends other financial transaction authorizations, including removing the authorization for U-Turn transactions. It also amends travel-related authorizations, including removing authorizations for group people-to-people travel and professional meetings in Cuba. The rule is effective September 30, 2026.