White House TWEA Cuba Renewal


On Sep. 18, White House published executive order renewing TWEA.


  • Exercise of certain authorities in connection with US sanctions program against Cuba under the Trading with the enemy act (TWEA) scheduled to expire on Sep 14, 2019.
  • Continuation of Authorities
  • President extended authorities under TWEA for 1 year, until Sep. 14, 2010; to ensure continuation of OFAC program pursuant to Cuban assets control regulations (CACR).
  • Sep. 2020 Continuation
  • On Sep. 10, 2020, White House issued memorandum on continuation of the exercise of certain authorities re Cuba under TWEA for one additional year until Sep. 14, 2021.
  • Sep. 7, 2021 Continuation
  • On Sep. 7, 2021, White House issued memorandum on continuation of the exercise of certain authorities pertaining to Cuba, per Trading with the Enemy Act, 50 USC 4305.
  • Exercise of authorities as applied by Cuban assets control regulations, 31 CFR 515.
  • Memorandum cites continuation is within the national interest of the United States.
  • The presidential determination prolongs continuation for one year, to Sep. 14, 2022.
  • Sep. 10, 2021 Federal Register
  • On Sep. 10, 2021, White House issued 2022 Cuba TWEA continuation in fed register.
  • Sep. 2, 022 White House Extension
  • On Sep. 2, 2022, White House published memorandum to continue exercise of certain authorities under the federal Trading with the enemy act (TWEA) with respect to Cuba.
  • Extended for one year authorities implemented by Cuban assets control regulations.
  • Under provisions of the presidential determination, TWEA extended to Sep. 14, 2023.
  • Sep. 8, 2022 Fed Reg Extension
  • On Sep. 8, 2022, White House published presidential determination in federal register.
  • Sep. 2023 Continuation
  • On Sep. 13, 2023, White House issued memorandum on continuation of the exercise of certain authorities re Cuba under TWEA for one additional year, until Sep. 14, 2024.
  • Sep. 18, 2023 Fed Reg Continuation
  • On Sep. 18, 2023, White House published Cuba TWEA continuation in federal register.
  • Sep. 2024 White House Continuation
  • On Sep. 13, 2024, White House issued memorandum on continuation of the exercise of certain authorities re Cuba under TWEA for one additional year, until Sep. 14, 2025.
  • Sep. 2024 White House Federal Register
  • On Sep. 18, 2024, White House published continuation re Cuba in federal register.

Regulators OFAC; US Treasury; White House
Entity Types B/D; Bank; Corp; Ins; MSB
Reference 89 FR 76397, 9/18/2024; Dir 2024-11, 9/13/2024; 88 FR 6437, 9/18/2023; No. 2023-10, 9/13/2023; 87 FR 54859, 9/8/2022; Dir 2022-22, 9/2/2022; 86 FR 50831, 9/10/2021; Dir, White House 2021-12, 9/7/2021; 85 FR 57075, 9/14/2020; 84 FR 49189, 9/18/2019; EO, 9/13/2019; TWEA; CACR; Citation: 50 USC 4305; 31 CFR 515;
Functions AML; Anti-Bribery; Compliance; Financial; Operations; Sanctions; Trading
Countries Cuba; United States of America; Cross-Border
Category
State
Products Banking; Corporate; Insurance; Loan; Securities
Regions Am
Rule Type Final
Rule Date 9/18/2019
Effective Date 9/14/2025
Rule Id 66072
Linked to N/A
Reg. Last Update 9/18/2024
Report Section AML & Enforcement

Last substantive update on 09/23/2024