OFAC issued a general license and amended a Frequently Asked Question ("FAQ") concerning transactions with the Government of Venezuela.
Pursuant to General License No. 34, OFAC authorized transactions with certain individuals who otherwise would be subject to sanctions under the definition of "Government of Venezuela" contained in Executive Order 13884. OFAC updated FAQ 680 to clarify the authorization. According to the FAQ, General License No. 34 "authorizes transactions with certain Government of Venezuela individuals, including United States citizens; permanent resident aliens of the United States; individuals in the United States who have a valid U.S. immigrant or nonimmigrant visa, other than individuals in the United States as part of Venezuela's mission to the United Nations; and former employees and contractors of the Government of Venezuela."
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
[View Source]