Federal Register #2026-18565

OFAC General License 5 for Nicaragua Sanctions – Wind Down Authorization for EMSA

This notice from the Department of the Treasury's Office of Foreign Assets Control (OFAC) announces the publication of General License 5 under the Nicaragua Sanctions Regulations. - Regulatory Context: - OFAC is providing legal authorization for certain transactions involving Exportadora de Metales Sociedad Anonima (EMSA) and entities in which EMSA holds a majority interest. - The license allows for the wind down of business activities that would otherwise be prohibited under sanctions. - OEMs and Entities Mentioned: - Exportadora de Metales Sociedad Anonima (EMSA) is the only entity referenced. - Products/Services: - No products or services are being requested, procured, or awarded. - Notable Requirements: - Payments to blocked persons must be made into blocked accounts as specified by OFAC regulations. - The license is strictly regulatory and does not solicit bids or announce a contract award. - Additional Information: - The notice provides legal guidance and references related regulatory information for compliance.

Description

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL 5) issued pursuant to the Nicaragua Sanctions Regulations. This general license authorizes certain transactions otherwise prohibited by the regulations, specifically related to the wind down of transactions involving Exportadora de Metales Sociedad Anonima (EMSA) and entities in which EMSA owns a 50 percent or greater interest. The license was originally issued on April 16, 2026, and authorizes transactions through May 16, 2026, with conditions on payments to blocked persons. The publication includes references, URLs for full text, and related regulatory information.

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