GL-60
ActiveAuthorizing Transactions Related to Earthquake Relief Efforts in Venezuela
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Summary
OFAC General License No. 60 under the Venezuela Sanctions Regulations (31 CFR part 591) authorizes all transactions related to earthquake relief efforts in Venezuela that would otherwise be prohibited by the VSR, through 12:01 a.m. eastern daylight time on October 23, 2026. The authorization expressly includes the processing or transfer of funds on behalf of third-country persons to or from Venezuela in support of authorized transactions. U.S. financial institutions and U.S. registered money transmitters may rely on the originator of a funds transfer for compliance purposes, provided they have no reason to know the transfer is non-compliant.
Authorized activities
- All transactions related to earthquake relief efforts in Venezuela that would otherwise be prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591 (VSR)
- Processing or transfer of funds on behalf of third-country persons to or from Venezuela in support of authorized earthquake relief transactions
Conditions
The license does not authorize: (1) the unblocking of any property blocked pursuant to the VSR; (2) any transactions or activities prohibited by any other Executive order or by any part of 31 CFR chapter V not referenced in this general license. Nothing in this general license relieves any person from compliance with any other Federal laws or requirements of other Federal agencies.