Publication of Venezuela Sanctions Regulations Web General License 60
What happened
The Department of the Treasury's Office of Foreign Assets Control (OFAC) published General License (GL) 60, authorizing specific transactions related to earthquake relief efforts in Venezuela. This license, issued on June 25, 2026, allows transactions otherwise prohibited by the Venezuela Sanctions Regulations (31 CFR part 591) and expires on October 23, 2026. It was signed by Bradley T. Smith, Director, Office of Foreign Assets Control.
Why it matters
This action provides a temporary exemption from Venezuela sanctions, enabling humanitarian aid for earthquake relief. It facilitates the flow of funds and activities necessary to support recovery efforts in Venezuela. This allows specific relief work to proceed without violating US sanctions regulations.
Who it affects
- ›Organizations providing earthquake relief in Venezuela.
- ›U.S. financial institutions and money transmitters.
- ›Third-country persons supporting relief efforts.
- ›Persons otherwise subject to Venezuela Sanctions Regulations.
The receipts are official. The summary is ours.
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