The Federal Deposit Insurance Corporation (FDIC), Federal Reserve, National Credit Union Administration, and Office of the Comptroller of the Currency issued a joint statement on July 31, 2026, outlining enforcement policies to support Venezuela’s economic recovery and earthquake relief efforts. The agencies committed to not taking supervisory actions or enforcement actions against supervised financial institutions providing authorized services in Venezuela from July 31, 2026, through January 29, 2027, provided institutions meet specific compliance criteria. Financial institutions must maintain adherence to Bank Secrecy Act requirements, avoid recent enforcement actions, and comply with U.S. sanctions regulations. The policy aims to facilitate humanitarian aid and financial stability while ensuring institutions do not face penalties for actions unrelated to willful violations of anti-money laundering laws.
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