OFAC amends Nicaragua sanctions regs & Venezuela General Licences

OFAC has amended the Nicaragua Sanctions Regulations, 31 CFR part 582 to incorporate the Nicaragua Human Rights and Anticorruption Act of 2018. The Act authorises sanctions to be imposed on those responsible for human rights abuses, actions which undermine democratic processes, or involved in significant corruption in Nicaragua. A general licence authorising certain US government activities has also been added. …