OFAC publishes Spanish translations of five general licenses: the operational signal Latin America cannot ignore
OFAC had never published simultaneous translations of general licenses for Venezuela. The gesture is operational, not symbolic.
OFAC had never previously published simultaneous translations of general licenses for Venezuela. The move is operational, not symbolic: GL 46B, 47, 48A, 49A, and 50A cover everything from crude oil trading to electricity, investment, and major operator activities. The translation lowers the compliance barrier for Latin American companies and signals that Washington expects a flow of transactions from the region.
OFAC does not translate documents as a courtesy. It does so when it anticipates a volume of counterparts who do not operate in English. Historically, sanctions licenses were published exclusively in English because the audience was exclusively American. Publishing simultaneous translations of five licenses indicates that the Treasury expects a volume of inquiries and transactions from Latin America that justifies the effort.
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GL 60 — Earthquake Relief Efforts (through October 23, 2026)
Authorizes, through 12:01 a.m. eastern time on October 23, 2026, transactions ordinarily incident and necessary to earthquake-relief efforts following the June 24, 2026 earthquake in Venezuela that would otherwise be prohibited by the Venezuela Sanctions Regulations (31 CFR part 591), including those involving the Government of Venezuela and SDNs sanctioned under the executive orders incorporated into the VSR. Note 1 covers the processing and transfer of funds on behalf of third-country persons in support of relief and lets U.S. financial institutions and money transmitters rely on the originator to establish compliance. Does not unblock blocked property and does not cover ordinary activity (routine remittances, general commerce).