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

On 8th 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 8th 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

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