Nicaragua Sanctions Update: General License 5 Issued

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The Office of Foreign Assets Control (OFAC) has issued an important update concerning the Nicaragua Sanctions Regulations. OFAC, a part of the Department of the Treasury, has released General License No. 5.

General License 5 was issued on April 16, 2026. It allows certain transactions with Exportadora de Metales Sociedad Anonima, also known as EMSA.

This general license is crucial as it permits the winding down of transactions that would otherwise be prohibited. These transactions must be done by May 16, 2026.

Importantly, any payment to a blocked person must go into a blocked account. This is in line with the Nicaragua Sanctions Regulations, specifically 31 CFR Part 582.

The General License does not allow other prohibited transactions. It only covers those directly involving EMSA.

Bradley T. Smith, the Director of OFAC, signed the general license.

For more details, visit the OFAC website at https://ofac.treasury.gov.

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