Regulation

Publication of Nicaragua Sanctions Regulations Web General License 5

Treasury Department, Foreign Assets Control Office

NAICS 562910
Source: Federal Register

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Posted Date
NAICS Code
562910
Source
Federal Register

Description

DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 582 Publication of Nicaragua Sanctions Regulations Web General License 5 AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of a web general license. SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Nicaragua Sanctions Regulations: GL 5, which was previously made available on OFAC's website. DATES: GL 5 was issued on April 16, 2026. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Regulatory Affairs, 202-622-4855; or https://ofac.treasury.gov/contact-ofac . SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC's website: https://ofac.treasury.gov/ . Background On April 16, 2026, OFAC issued GL 5 to authorize certain transactions otherwise prohibited by the Nicaragua Sanctions Regulations, 31 CFR part 582. This GL was made available on OFAC's website ( https://ofac.treasury.gov ) when it was issued. The text of this GL is provided below. OFFICE OF FOREIGN ASSETS CONTROL Nicaragua Sanctions Regulations 31 CFR Part 582 GENERAL LICENSE NO. 5 Authorizing the Wind Down of Transactions Involving Exportadora de Metales Sociedad Anonima (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Nicaragua Sanctions Regulations, 31 CFR part 582 (the NSR), that are ordinarily incident and necessary to the wind down of any transaction involving Exportadora de Metales Sociedad Anonima (EMSA), or any entity in which EMSA owns, directly or indirectly, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern daylight time, May 16, 2026, provided that any payment to a blocked person is made into a blocked account in accordance with the NSR. (b) This general license does not authorize any transactions otherwise prohibited by the NSR, including transactions involving any person blocked pursuant to the NSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: April 16, 2026. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026-18565 Filed 9-10-26; 8:45 am] BILLING CODE 4810-AL-P

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