GL-1
ActiveTransactions Authorized Pursuant to the Cuban Assets Control Regulations
Machine-extracted. The summary, conditions, and reporting fields on this page were extracted by AI from the official document. Rely on the official OFAC General License, not this page.
Summary
General License No. 1 is issued under Executive Order 14404 of May 1, 2026, which imposes sanctions related to repression in Cuba and threats to U.S. national security and foreign policy. It authorizes all transactions otherwise prohibited by that Executive Order, to the extent such transactions are already authorized or exempt under the Cuban Assets Control Regulations (31 CFR part 515), including those covered by general or specific licenses under the CACR. However, the license does not authorize any transaction that is separately prohibited by 31 CFR Chapter V.
Authorized activities
- All transactions prohibited by Executive Order 14404 that are authorized under the Cuban Assets Control Regulations (31 CFR part 515)
- All transactions prohibited by Executive Order 14404 that are exempt under the Cuban Assets Control Regulations (31 CFR part 515)
- Transactions authorized by a general license pursuant to the CACR
- Transactions authorized by a specific license pursuant to the CACR
Conditions
This general license does not authorize any transaction that is otherwise prohibited by 31 CFR Chapter V. Authorization extends only to transactions that are authorized or exempt under the Cuban Assets Control Regulations, 31 CFR part 515, including those covered by a general or specific license pursuant to the CACR.