OFAC issues General License 60 authorizing earthquake-relief transactions in Venezuela
US persons may process Venezuela earthquake-relief transactions only where they fall within the scope of OFAC General License 60
Change
On 26 June 2026, the U.S. Treasury's Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 60 authorizing transactions related to earthquake relief efforts in Venezuela.
Why it matters
General License 60 establishes a specific OFAC authorization boundary for Venezuela-related earthquake relief transactions. US persons must confirm that each transaction falls within GL60 before routing it through US jurisdictional payment or service channels; transactions outside GL60 are not authorized by OFAC and remain subject to the Venezuela sanctions program.
Implications
- — US bank sanctions-compliance teams must permit and process payments and transfers identified as within the scope of General License 60 through US payment rails — holding these transactions blocks activity OFAC has authorized.
- — US-based humanitarian organisations coordinating earthquake relief in Venezuela must confirm planned Venezuela-related transactions fall within General License 60 before engaging US-person financial channels — transactions outside GL60 are not authorized and risk being blocked.
Who is affected
- — US bank sanctions-compliance teams at banks and payment processors
- — US-based humanitarian organisations coordinating earthquake relief in Venezuela