Effective March 4, 2026, BIS has suspended the availability of License Exception Support for the Cuban People (SCP) under § 740.21(b)(1) for any export, reexport, or transfer involving the deposit of foreign funds into a Cuban‑owned bank. BIS determined that such transactions present an unacceptable risk of primarily benefiting the Cuban government and its military or intelligence services. This suspension does not apply to transactions that avoid Cuban banks, such as those routed through third‑country financial institutions, nor to shipments already en route by March 4, 2026, if completed by April 3, 2026. Exporters remain responsible for ensuring full compliance with § 740.21 and all SCP conditions before proceeding.
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