After 495-Day "Cuba Policy Review" OFAC Issues New And Revised Regulations For Cuba Transactions
/United States Department of the Treasury
Office of Foreign Assets Control
Washington DC
8 June 2022
31 CFR Part 515
Cuban Assets Control Regulations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule.
SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is
amending the Cuban Assets Control Regulations to implement elements of the policy announced
by the Administration on May 16, 2022 to increase support for the Cuban people. This rule
authorizes group people-to-people educational travel to Cuba and removes certain restrictions on
authorized academic educational activities, authorizes travel to attend or organize professional
meetings or conferences in Cuba, removes the $1,000 quarterly limit on family remittances, and
authorizes donative remittances to Cuba. These amendments also add or update several cross
references.
