Zelle (USD) is the dominant practical payment mechanism: local bank accounts receive Zelle and millions of Venezuelans use it for everyday commerce as the digital Bolívar has no functional international exchange value. Traditional wire transfers are restricted by OFAC sanctions. OFAC General Licenses through 2026 (including GL 56/57, April 2026) authorise commercial negotiations and named-state-bank financial services but do not cover gambling, and GL 57 expressly preserves BSA/FinCEN SAR obligations. FATF grey-listing mandates enhanced due diligence, and any flow connected to FTO-designated organisations (Tren de Aragua, Cartel de los Soles) is catastrophic AML/sanctions exposure.
Jurisdictions › Venezuela › Payments and banking
Venezuela · Question 06 of 11
Payments and banking: Can we move player money?
Unfavourable · Confirmed · AI-generated · Back to full Venezuela report →
Key section parameters
| Jurisdiction | Venezuela (VE) |
|---|---|
| Regulator | Recorded in register |
| Favourability | Unfavourable |
| Confidence | Confirmed |
| Review status | AI-generated |
| Last collected | 18 Oct 2026 |
Summary answer
Zelle (USD) is the dominant practical payment mechanism: local bank accounts receive Zelle and millions of Venezuelans use it for everyday commerce as the digital Bolívar has no functional international exchange value. Traditional wire transfers are restricted by OFAC sanctions. OFAC General License…