US BIS suspends license exception SCP for transactions involving Cuban owned banks

18 March 2026

US BIS suspends license exception SCP for transactions involving Cuban owned bankssharpner/Shutterstock.com

The US Bureau of Industry and Security (BIS) has suspended License Exception Support for the Cuban People (SCP) under §740.21(b)(1) of the Export Administration Regulations for any export, reexport or transfer (in‑country) involving Cuban‑owned...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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