GL-5
ExpiredAuthorizing the Wind Down of Transactions Involving Exportadora de Metales Sociedad Anonima
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Summary
This OFAC General License No. 5, issued under the Nicaragua Sanctions Regulations (31 CFR part 582), authorizes transactions 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 a 50 percent or greater interest, directly or indirectly. The authorization is time-limited, expiring at 12:01 a.m. eastern daylight time on May 16, 2026. Any payment to a blocked person under this license must be made into a blocked account in accordance with the NSR. The license does not extend to other persons blocked under the NSR unless separately authorized.
Authorized activities
- Wind down of any transaction involving Exportadora de Metales Sociedad Anonima (EMSA)
- Wind down of any transaction involving any entity in which EMSA owns, directly or indirectly, a 50 percent or greater interest
Conditions
Authorized wind-down transactions are permitted only through 12:01 a.m. eastern daylight time, May 16, 2026. Any payment to a blocked person must be made into a blocked account in accordance with the NSR. The license does not authorize transactions involving any person blocked pursuant to the NSR other than EMSA and entities in which EMSA owns, directly or indirectly, a 50 percent or greater interest, unless separately authorized.