Nicaragua

1949-01-01

Planes De Puntaldia Casa #16, Managua, Nicaragua

1610101490000S, National ID No.

Luis Angel Montenegro Espinoza (Montenegro) was designated for being an official of the Government of Nicaragua or for having served as an official of the Government of Nicaragua at any time on or after January 10, 2007. As the Superintendent of the Superintendency of Banks and Other Financial Institutions (SIBOIF), Montenegro ordered banks to comply with a request from the Public Ministry to audit and turn over financial information on 13 senior executives and businessmen in accordance with Law 1055 due to being the subject of an investigation. Additionally, in April 2020, SIBOIF issued regulations implementing the February 2020 amendments to the Law for the Protection of Consumers and Users, which forbids banks in Nicaragua, without a reason recognized by Nicaraguan law, from refusing financial services to customers, including OFAC-designated persons.

https://home.treasury.gov/news/press-releases/jy0481

2021-11-15

US

Executive Order 13851 of November 27, 2018 Blocking Property of Certain Persons Contributing to the Situation in Nicaragua

OFAC country specific

Nicaragua

Blocking Property, Suspending Entry

• https://ofac.treasury.gov/faqs/topic/2581

On November 27, 2018, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701–1706) (IEEPA), issued Executive Order 13851 (83 FR 61505, November 29, 2018) (E.O. 13851). In E.O. 13851, the President determined that the situation in Nicaragua, including the violent response by the Government of Nicaragua to the protests that began on April 18, 2018, and the Ortega regime's systematic dismantling and undermining of democratic institutions and the rule of law, its use of indiscriminate violence and repressive tactics against civilians, and its corruption leading to the destabilization of Nicaragua's economy, constitute an unusual and extraordinary threat to the national security and foreign policy of the United States, and declared a national emergency to deal with that threat.