Does [E.O. 14404](https://ofac.treasury.gov/media/935581/download?inline) alter U.S. sanctions on Cuba pursuant to the Cuban Assets Control Regulations ([CACR](https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-515?toc=1))?
OFAC's answer
No. All existing prohibitions and authorizations pursuant to the [CACR](https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-515?toc=1) remain in effect. [E.O. 14404](https://ofac.treasury.gov/media/935581/download?inline) was issued pursuant to the International Emergency Economic Powers Act ([IEEPA](https://ofac.treasury.gov/media/5736/download?inline)), and is distinct from the CACR, which is issued pursuant to the Trading with the Enemy Act ([TWEA](https://ofac.treasury.gov/media/7161/download?inline)), among other statutes. These authorities function in parallel. E.O. 14404 establishes the authority for a new Cuba-related sanctions program that includes blocking sanctions and certain less-than-blocking sanctions against foreign persons determined to meet one or more of the criteria in E.O. 14404. Simultaneously, OFAC continues to administer the [CACR](https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-515?toc=1), including its prohibitions, authorizations, and exemptions. OFAC maintains the authority to identify certain persons on the List of Specially Designated Nationals and Blocked Persons ([SDN List](https://sanctionslist.ofac.treas.gov/Home/SdnList)) under the CACR, including persons acting for or on behalf of the Government of Cuba. However, the CACR continues to operate as a jurisdictional sanctions program focused specifically on Cuba and Cuban nationals. Furthermore, Sections 2(b) and 4(c) of [E.O. 14404](https://ofac.treasury.gov/media/935581/download?inline) state that the relevant prohibitions found in E.O. 14404 do not affect the validity of licenses issued pursuant to the CACR.