OFAC ADDS TO AND AMENDS VENEZUELAN SANCTIONS LISTS

On 22 September, OFAC advised that 5 new individuals had been added to its Venezuela sanctions list.  It also mentioned an amendment to the listing of Venezuela’s President Maduro.  The 5 named individuals are said to be key figures that have facilitated the Maduro regime’s efforts to undermine democracy in Venezuela.  These individuals, including Maduro-supporting members of the Venezuelan National Assembly (Asamblea Nacional or AN), are said to have acted as part of a broader scheme to manipulate parliamentary elections taking place in December 2020 by placing control of Venezuela’s opposition parties in the hands of politicians affiliated with Nicolas Maduro’s regime, undermining any credible opposition challenge to that regime.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20200922

https://home.treasury.gov/news/press-releases/sm1132

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s