OFAC FAQ #743 · Cuba Sanctions
Are Cuban banks permitted to open correspondent accounts at U.S. banks?
OFAC's answer
No. U.S. depository institutions are permitted to open correspondent accounts at Cuban banks located in Cuba and in third countries, and at foreign banks located in Cuba, but Cuban banks are not generally licensed to open such accounts at U.S. banks. See note to [31 CFR § 515.584(a)](https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-515/subpart-E/section-515.584).