OFAC ADDS A NUMBER OF INDIVIDUALS, COMPANIES AND LLC TO VENZUELA SANCTIONS LIST, PLUS 1 AIRCRAFT, AND ISSUES NEW GENERAL LICENSE

On 8^th January, OFAC added 7 new individuals’ names to its SDN List, together with 20 businesses and a 3-engined business jet N133JA.  It also published General License 6 which authorises US persons to engage in specified transactions related to winding down or maintaining business with Globovision Tele C.A. and Globovision Tele CA Corporation and their subsidiaries until January 8^th 2020.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190108.aspx

OFAC also issued a new FAQ about the purpose and use of the General License.

https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_other.aspx#648

https://www.reuters.com/article/us-usa-venezuela-sanctions-list/u-s-issues-fresh-venezuela-sanctions-including-on-globovision-website-idUSKCN1P21JS

https://home.treasury.gov/news/press-releases/sm583

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017