Publication of Nicaragua Sanctions Regulations Web General License 5
What happened
The Department of the Treasury's Office of Foreign Assets Control (OFAC) published General License 5 (GL 5) on September 11, 2026, which was originally issued on April 16, 2026. This license authorizes transactions ordinarily incident and necessary to wind down dealings with Exportadora de Metales Sociedad Anonima (EMSA), or any entity it owns 50% or more, through May 16, 2026. The license was signed by Bradley T. Smith, Director, Office of Foreign Assets Control.
Why it matters
This action provides a limited window for businesses to cease certain operations with a sanctioned Nicaraguan entity without immediately violating sanctions. It helps prevent abrupt disruptions while ensuring compliance with the Nicaragua Sanctions Regulations.
Who it affects
- ›Businesses transacting with Exportadora de Metales Sociedad Anonima (EMSA)
- ›Entities owned 50% or more by EMSA
- ›Parties needing to make payments to blocked persons
The receipts are official. The summary is ours.
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