Publication of Venezuela Sanctions Regulations Web General License 5S

Federal Register / Vol. 90, No. 173 / Wednesday, September 10, 2025 / Rules and Regulations 43557 1The Bank Secrecy Act, as amended, is codified at 12 U.S.C. 1829b, 1951–1960 and 31 U.S.C. 5311– 5314, 5316–5336 and includes other authorities reflected in notes thereto. Regulations implementing the BSA appear at 31 CFR chapter X. The Secretary of the Treasury’s authority to administer the BSA has been delegated to the Director of FinCEN. See Treasury Order 180–01 (Jan. 14, 2020). 2 31 U.S.C. 5326(a); see also 31 CFR 1010.370. 3 31 U.S.C. 5326(a). 4 31 U.S.C. 5326(d). 5Treasury Order 180–01 (Jan. 14, 2020). DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 591 Publication of Venezuela Sanctions Regulations Web General License 5S AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of a web general license. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Venezuela Sanctions Regulations: GL 5S, which was previously made available on OFAC’s website. DATES: GL 5S was issued on June 20, 2025. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Regulatory Affairs, 202–622–4855; or https:// ofac.treasury.gov/contact-ofac. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. Background On June 20, 2025, OFAC issued GL 5S to authorize certain transactions otherwise prohibited by the Venezuela Sanctions Regulations (VSR), 31 CFR part 591. GL 5S replaced and superseded GL 5R, which was issued on March 6, 2025. This GL was made available on OFAC’s website (https:// ofac.treasury.gov) when it was issued. The text of this GL is provided below. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 5S Authorizing Certain Transactions Related to the Petro´leos de Venezuela, S.A. 2020 8.5 Percent Bond on or After December 20, 2025 (a) Except as provided in paragraph (b) of this general license, on or after December 20, 2025, all transactions related to, the provision of financing for, and other dealings in the Petro´leos de Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized. (b) This general license does not authorize any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V. (c) Effective June 20, 2025, General License No. 5R, dated March 6, 2025, is replaced and superseded in its entirety by this General License No. 5S. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. Dated: June 20, 2025. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2025–17392 Filed 9–9–25; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network 31 CFR Part 1010 Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Order. SUMMARY: FinCEN is issuing this Geographic Targeting Order, requiring certain money services businesses along the southwest border of the United States to report and retain records of transactions in currency of $1,000 or more, but not more than $10,000, and to verify the identity of persons presenting such transactions. This Order follows a previously issued Geographic Targeting Order, which required reporting of transactions in currency of more than $200, but not more than $10,000. DATES: Effective Date: This action is effective September 10, 2025. Compliance Date: The compliance date for persons that were not Covered Businesses under the Geographic Targeting Order published by FinCEN on March 14, 2025 (90 FR 12106) is October 10, 2025. FOR FURTHER INFORMATION CONTACT: FinCEN’s Regulatory Support Section by submitting an inquiry at www.fincen.gov/contact. SUPPLEMENTARY INFORMATION: I. Background If the Secretary of the Treasury (Secretary) finds, upon his own initiative or at the request of an appropriate Federal or State law enforcement official, that reasonable grounds exist for concluding that additional recordkeeping and reporting requirements are necessary to carry out the purposes of the Bank Secrecy Act (BSA) 1 or to prevent evasions thereof, the Secretary may issue a Geographic Targeting Order (GTO) requiring any domestic financial institution or group of domestic financial institutions, or any domestic nonfinancial trade or business or group of domestic nonfinancial trades or businesses, in a geographic area to obtain such information as the Secretary may describe in such GTO concerning any transaction in which such financial institution or nonfinancial trade or business is involved in for the payment, receipt, or transfer of funds (as the Secretary may describe in such GTO), and concerning any other person participating in such transaction.2 For any such transaction, the Secretary may require the financial institution or nonfinancial trade or business to maintain a record and/or file a report in the manner and to the extent specified.3 The maximum effective period for a GTO is 180 days unless renewed.4 The authority of the Secretary to issue a GTO has been delegated to the Director of FinCEN (Director).5 The Director finds that reasonable grounds exist for concluding that the additional recordkeeping and reporting requirements set forth in the GTO contained in this document (the ‘‘Order’’) are necessary to carry out the purposes of the BSA or to prevent evasions thereof. This action is being taken in furtherance of Treasury’s efforts to combat illicit finance by drug cartels and other illicit actors along the southwest border of United States. The Order does not alter any existing BSA obligation of a Covered Business (as defined in the Order), except as otherwise noted in the Order itself. Thus, for example, a Covered Business must continue to file Currency Transaction Reports (CTRs) for transactions in currency above $10,000 and Suspicious Activity Reports (SARs) where appropriate and in accordance with the BSA and applicable regulations. Although the dollar VerDate Sep<11>2014 15:52 Sep 09, 2025 Jkt 265001 PO 00000 Frm 00019 Fmt 4700 Sfmt 4700 E:\FR\FM\10SER1.SGM 10SER1 lotter on DSK11XQN23PROD with RULES1