GL 57 — Financial Services with BCV and Named State Banks

General License No. 57 — Authorizing Financial Services Transactions Involving Certain Venezuelan Banks and Government of Venezuela Individuals

(a) Except as provided in paragraph (c) of this general license, all transactions prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591 (VSR), that are ordinarily incident and necessary to the provision, exportation, or reexportation, directly or indirectly, of financial services to, from, or for the benefit of the following persons are authorized:

1. Banco Central de Venezuela;
2. Banco de Venezuela, S.A. Banco Universal (Banco de Venezuela);
3. Banco Digital de los Trabajadores Banco Universal C.A.;
4. Banco del Tesoro, C.A. Banco Universal (Banco del Tesoro);
5. Any entity in which one or more of the above persons own, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest; or
6. Any individual whose property and interests in property are blocked solely pursuant to Executive Order (E.O.) 13884 because that individual meets the definition of "Government of Venezuela," as defined in E.O. 13884, including current employees of the "Government of Venezuela," excluding any individual identified on OFAC's List of Specially Designated Nationals and Blocked Persons.

(b) Except as provided in paragraph (c), all transactions involving the Government of Venezuela that would otherwise be prohibited by E.O. 13884 and that are necessary for the activities set forth in paragraph (a) are authorized.

(c) This general license does not authorize:

1. The unblocking of any property blocked pursuant to any part of 31 CFR chapter V; or
2. Any transactions otherwise prohibited by the VSR, unless separately authorized.

Note 1. "Financial services" includes maintaining, operating, or closing accounts; loans; transfers; banking services; money transfer services; collection; the acceptance of deposits; insurance; guarantees; cash withdrawals; check services; ACH transfers; wire transfers; debit/prepaid/ATM card transactions; issuance and use of payment cards and digital wallets; currency exchange; U.S. dollar-denominated banking, payment, and correspondent account services; processing of salary, pension, annuity, payroll and other employment payments; transfers via mobile money, digital wallets and online payments; related fraud-prevention, screening, authentication and cybersecurity services; investments; securities; and commodity futures or options.

Note 2. U.S. financial institutions may rely on the originator or beneficiary of a funds transfer regarding compliance, provided they do not know or have reason to know that the transaction is not in compliance.

Note 3. Nothing in this general license relieves any person from compliance with other U.S. laws, including the Bank Secrecy Act, the USA PATRIOT Act, and FinCEN regulations.

Bradley T. Smith — Director, Office of Foreign Assets Control. Dated: April 14, 2026.