Venezuela

Global Trade
OFAC
Sanctions
SDN
Venezuela

Venezuelan Defense & Oil Sectors – OFAC Sanctions

May 10, 2019:  The US Treasury identified the Venezuelan defense sector as a subject to its sanctions.  The May 10 designations were in response to SEBIN’s illegal arrests of National Assembly members and intend to target those actors who have had a hand in the repressive Maduro defense and intelligence sector.  SEBIN is a is […]

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Anti-Corruption
Global Trade
OFAC
Sanctions
Venezuela

Treasury Sanctions Venezuelan Minister of Foreign Affairs

April 26, 2019:  OFAC sanctioned Jorge Alberto Arreaza Montserrat, the Venezuelan Minister of Foreign Affairs, and Carol Bealexis Padilla de Arretureta, both of whom were determined to be current or former officials of the Maduro Government of Venezuela. For information about the methods that Venezuelan senior political figures, their associates, and front persons use to […]

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Sanctions
Venezuela

Canada Imposes Additional Sanctions on the Venezuela Regime

April 15, 2019 – The Government of Canada announced the following today: In response to the Maduro regime’s attempts to strengthen its authoritarian rule over Venezuela, Canada implemented its fourth round of sanctions against key figures in the regime.  The 43 individuals named today were added to the 70 that have already been sanctioned.  The […]

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Anti-Corruption
Freshly Brewed
Global Trade
OFAC
Sanctions
Venezuela

Treasury Sanctions Venezuela’s State Gold Mining Company – Minerven

Earlier today, the Treasury Department announced that OFAC designated “VG Compania General de Mineria de Venezuela CA, or Minerven, the Venezuelan state-run ferrous metals mining company, and its President, Adrian Antonio Perdomo Mata, targeting the illicit gold operations that have continued to prop up the illegitimate regime of former President Nicolas Maduro.” The following individual […]

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Freshly Brewed
OFAC
Sanctions
Venezuela

Venezuela Sanctions: OFAC Extends General License Related to PDVH, CITGO

March 14, 2019:  OFAC announced in a release today that it extended the expiration of a general license related to PDV Holding, Inc. (PDVH), and CITGO Holding, Inc. (CITGO).  For CITGO, General License 7A provides an 18 month authorization that self renews on a monthly basis.  This will enable CITGO to maintain operations in markets that […]

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Freshly Brewed
Global Trade
OFAC
Russia
Sanctions
Venezuela

OFAC Designates Russian Bank Evrofinance Mosnarbank as an SDN

March 11, 2019:  OFAC issued an update to its Venezuela SDN designations today.  Russian bank Evrofinance Mosnarbank that is based in Moscow, is jointly owned by Russian and Venezuelan state-owned companies, was designated as an SDN.  According to the Treasury Department’s Release, today’s action was taken pursuant to Executive Order (E.O.) 13850 and targets a […]

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Global Trade
OFAC
Venezuela

OFAC – General Licenses for PDVSA Securities

March 11, 2019:  Last week, OFAC  issued 2 general licenses relating to financial contracts and agreements with specific Venezuelan bonds and PdVSA securities.  This issuance extended the expiration of the previous licenses.  For the OFAC Notice, click here.  OFAC also updated its FAQs in relation to the licenses.  Click here and here for your copies.

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Freshly Brewed
Global Trade
OFAC
Sanctions
SDN
Venezuela

@USTreasury Designates Additional Venezuelans: Interference with Humanitarian Aid

March 1, 2019:  Earlier today, OFAC designated additional six Venezuelan government officials aligned with illegitimate former President Nicolas Maduro and associated with the obstruction of humanitarian aid deliveries into Venezuela on February 23, 2019. The individuals are: Richard Jesus Lopez Vargas (Lopez) is a Major General and the Commanding General of the Venezuelan National Guard, or […]

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Freshly Brewed
Global Trade
OFAC
Sanctions
SDN
Venezuela

OFAC #Sanctions Venezuelan Governors

2/2/5/19: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Governors of four Venezuelan states aligned with the illegitimate regime of former President Nicolas Maduro. Per OFAC, the designation follows their involvement in “endemic corruption and in blocking the delivery of critical humanitarian aid, thereby exacerbating the ongoing humanitarian crisis caused […]

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Freshly Brewed
Global Trade
OFAC
Sanctions
SDN
Venezuela

OFAC: Further Venezuela Sanctions Designations

Today, the Treasury Department’s OFAC designated 5 individuals in connection with their involvement with the Venezuelan Maduro regime.  “Treasury continues to target officials who have helped the illegitimate Maduro regime repress the Venezuelan people. We are sanctioning officials in charge of Maduro’s security and intelligence apparatus, which has systematically violated human rights and suppressed democracy, including […]

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