United States will bar Cuban entrepreneurs from operating accounts at its banks
The restriction, effective September 30, also requires existing funds to be blocked unless specifically authorized.
The Donald Trump administration imposed restrictions on U.S. bank accounts held by Cuban entrepreneurs. The measure, announced as part of a new sanctions round, takes effect September 30.
U.S. banks may not open or maintain accounts in the name of Cuban citizens in the private sector. Institutions already holding those funds must block them and notify the Office of Foreign Assets Control unless they have a specific U.S. government license.
This is the ninth sanctions round coordinated by the State and Treasury departments since May 1, when President Donald Trump issued Executive Order 14404. The article also says the new prohibition covers entrepreneurs or representatives abroad who used those accounts for authorized transactions.