OFAC extends 2 Venezuela General Licenses

Issuance of Amended Venezuela-related General Licenses; Amendments to Existing Venezuela-related Frequently Asked Questions

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing General License 3D,  “Authorizing Transactions Related to, Provisions of Financing for, and Other Dealings in Certain Bonds,” and General License 9C, “Authorizing Transactions Related to Dealings in Certain Securities.”  OFAC is extending the expiration date of provisions relating to the wind down of certain financial contracts or other agreements involving, or linked to, the bonds listed on the Annex to General License 3D or to certain Petroleos de Venezuela, S.A. securities.  Additionally, OFAC is issuing correspondingly updated FAQs 661 and 662.

Links:

OFAC Notice

General License 3D

General License 9C

Updated FAQs – 661, 662

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