![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
New Nicaragua law may isolate local banks
![Nicaragua_Getty](/sites/default/files/styles/landscape_750_463/public/2021-02/Nicaragua_Getty.gif.webp?h=eeca053c&itok=Fl7qSUm3)
Nicaragua’s national assembly passed legislation on February 9 that may force local banks to maintain accounts for people on US government sanctions lists.
The Nicaraguan business and financial services sectors have expressed concerns that the new law may see them barred from international financial transactions.
The new law does not give sanctioned individuals the right to use banking services directly, but says banks must give cause for discontinuing relations with them. These decisions must
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com