Press Release: Joint Statement of Enforcement Policy in support of Venezuela’s Economic Recovery and Earthquake Relief Efforts

PRESS RELEASE | JULY 31, 2026 Joint Statement of Enforcement Policy in support of Venezuela’s Economic Recovery and Earthquake Relief Efforts WASHINGTON — The staffs of the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) (collectively, the Agencies) are issuing this statement of enforcement policy in support of U.S. Government efforts to facilitate economic recovery and financial stability in Venezuela, including efforts to provide humanitarian relief and assist reconstruction following the recent earthquakes in Venezuela. This Joint Statement is intended to reinforce a substantively similar statement by the Department of Treasury’s (Treasury) Financial Crimes Enforcement Network (FinCEN) regarding its own enforcement policy with respect to Venezuela. On June 24, 2026, Venezuela experienced a pair of strong earthquakes off the northern coast, west of Caracas, which have caused significant damage in several cities and triggered a humanitarian aid crisis in the region. The Agencies recognize that the timely prov