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Alex Saab extradited to the US

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, October 18, 2021 Colombian Businessman Charged with Money Laundering Extradited to the United States from Cabo Verde Alex Nain Saab Moran (Saab), 47, a Colombian citizen, will make his initial appearance in federal court in Miami, Florida, today after […]

Another day, another FAQ – today’s is Venezuela-related!

Frequently Asked Questions 933. Are the authorizations in paragraph (a) of Venezuela-related General Licenses 7C and 20B, respectively, expired? Answer No.  The authorizations in paragraph (a) of Venezuela-related General Licenses (GLs) 7C (“Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO Holding, Inc.”) and 20B (“Authorizing Official Activities of Certain International Organizations Involving the Government […]

July 12, 2021: That olive branch smells a lot like LPG… or is the other way around?

Yesterday afternoon, OFAC issued a new Venezuela-related General License 40, “Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela”: OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR part 591 GENERAL LICENSE NO. 40 Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied […]

June 17, 2021: OFAC issues COVID-related General Licenses for Syria, Iran & Venezuela programs

Issuance of Syria General License 21, Venezuela General License 39, and Iran General License N, “Authorizing Certain Activities to Respond to the Coronavirus Disease 2019 (COVID-19) Pandemic” and Associated Frequently Asked Questions Release date06/17/2021 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Syria General License […]

Venezuela General License 8 is now up to Version H

Issuance of Venezuela-related General License 8H Release date06/01/2021Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 8H, “Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in […]

Yes, Virginia, OFAC does remove listings…

Today, OFAC removed the following 4 Italian firms: AMG S.A.S. DI ALESSANDRO BAZZONI & C. (a.k.a. AMG S.A.S. DI ALESSANDRO BAZZONI AND C.; a.k.a. AMG S.A.S. DI ALESSANDRO BAZZONI E C.), Via Sottomonte 5, Verona 37124, Italy; V.A.T. Number IT02483560237 (Italy) [VENEZUELA-EO13850].  AMG S.A.S. DI ALESSANDRO BAZZONI E C. (a.k.a. AMG […]

SECO adds 19 to Venezuela sanctions

Today, Swiss authorities added the following 19 individuals: SSID: 290-44371 Name: Remigio Ceballos Ichaso Sex: M DOB: 1 May 1963 Identification document: ID card No. V-6557495, Venezuela Justification: Commander of the Operational and Strategic Command of the Bolivarian National Armed Forces of Venezuela (Comando Estratégico Operacional Fuerzas Armadas Nacionales Bolivarianas […]