Clifford Chance

OFAC Announces Nicaragua Sanctions Regulations

5 September 2019

Further to Executive Order 13851, "Blocking Property of Certain Persons Contributing to the Situation in Nicaragua" and several previously announced sanctions against high-ranking Nicaraguan officials, OFAC announced on September 3, 2019, the Nicaragua Sanctions Regulations. OFAC noted that these regulations would be supplemented, to include interpretive and definitional guidance, with general licenses and statement of licensing policy. This "abbreviated" version is meant to put people on immediate notice, with details to follow.

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