Duane Morris·SANCTIONS / EXPORT CONTROLS

OFAC Updates Cuba Sanctions Guidance for U-Turn Transactions

OFAC expects U.S. banks to conduct due diligence on direct customers for Cuba U-turn transactions, verifying ownership, citizenship and address to confirm OFAC compliance.

ofac-cuba-sanctionsu-turn-transactionsbanking-compliancecuban-assets-control-regulationsdue-diligencesdn-screening
Read the original firm alert → Thursday, August 6, 2026

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