OFACSanctions / OFACSeptember 30, 2026

OFAC Publishes Venezuela General License 5W — Review Permitted Activities

OFAC has formally published General License 5W under the Venezuela Sanctions Regulations, making it part of the official regulatory record. GL 5W authorizes certain transactions that would otherwise be prohibited, and compliance teams must confirm their screening programs and transaction-monitoring controls reflect the updated permitted scope. Any crypto or payments firm that processes transactions involving Venezuelan counterparties needs to evaluate whether their activities fall within this GL's authorizations.

What to do

Review the full text of GL 5W on OFAC's website and update your Venezuela sanctions compliance procedures and screening rules to accurately reflect what is and is not authorized under the new general license.

Who this affects

Crypto ExchangeMoney Services BusinessPayments CompanyBank / Credit UnionCrypto Custodian

Does this affect your program?

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Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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