New sanctions · Sept 30, 2026 OFAC tightened the CACR: no U.S. bank accounts for Cuban entrepreneurs, U-turn ended, indirect Restricted List dealings barred, professional-meeting and people-to-people travel ended. Remittances (§515.570) and contractor and import payments (§515.582) unchanged; payments to suppliers outside the U.S. now prohibited.What changed, and how QvaPay keeps the lawful lanes open →

Permitted Fund Flows Every U.S.–Cuba fund flow, with its authority and standing — remittances, payments to independent Cuban contractors, donations, prepaid top-ups, assisted purchases from U.S. providers, buying from Cuban entrepreneurs, and exports from the United States — each shown with its license and its standing after the September 30 rule.See the flows →

QvaPay SentinelLive at sdn.qvapay.com — screen names, entities and crypto wallets against OFAC's SDN list, plus regime-linked sources Washington has never designated.Try Sentinel →

New on The WorldCuba Study Group's Ricardo Herrero on Cuba's reforms and U.S. investors positioning for an opening.Listen →

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Not legal, tax or investment advice, and not authorization for any transaction. U.S. sanctions (31 CFR Part 515) prohibit investment or equity in any Cuban business; nothing here is a determination that a transaction is lawful. Structure anything Cuba-facing only with qualified OFAC sanctions counsel and screen every party with QvaPay Sentinel.

Primary sources: OFAC Cuba Sanctions · 31 CFR Part 515 (CACR) · OFAC Cuba FAQs · Cuba Restricted List

← All entities

Habanos S.A.

aka Habanos

State — embargo-restricted

State + foreign-partner cigar distribution monopoly. Current holder of the confiscated Cuban cigar marques (Partagás, Montecristo, H. Upmann, Romeo y Julieta, Hoyo de Monterrey).

Assets controlled (5)

Agriculture · Pinar del Río

Vuelta Abajo Tobacco Region

Private farms (vegueros) exist; Habanos S.A. distribution is a JV

🟡 Joint ventureℹ️ Atlas — info only

Cigars · La Habana

Partagás Cigar Factory (Cifuentes)

Confiscated 1960; building closed (2020 roof collapse)

🔴 Stateℹ️ Atlas — info only⚠️ Title III risk — active suit

Cigars · La Habana

H. Upmann Factory / Montecristo (Menéndez-García)

Confiscated Sept 15 1960; family fled to DR

🔴 Stateℹ️ Atlas — info only⚠️ Title III risk — potential

Cigars · La Habana

Hoyo de Monterrey / Punch (Palicio)

Confiscated 1959-60; Palicio left for FL

🔴 Stateℹ️ Atlas — info only⚠️ Title III risk — potential

Cigars · La Habana

Romeo y Julieta Cigar Factory

Confiscated after 1959

🔴 Stateℹ️ Atlas — info only⚠️ Title III risk — potential

Sources: Habanos S.A.