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OFAC Venezuela Sanction FAQ: Question 5

  What does OFAC interpret to be debt and equity? Can U.S. financial institutions continue to maintain correspondent accounts and process U.S. dollar-clearing transactions for the entities subject to these sanctions? The term debt includes bonds, loans, extensions of credit, loan guarantees, letters of credit, drafts, bankers acceptances, discount notes […]

August 9, 2017: OFAC Designates more Kingpins, Venezuelans – and updates a pair of WMD proliferators

Yesterday, OFAC designated the following persons:  AMELIACH ORTA, Francisco Jose (Latin: AMELIACH ORTA, Francisco José), Carabobo, Venezuela; DOB 14 Jun 1963; POB Valencia, Carabobo, Venezuela; citizen Venezuela; Gender Male; Cedula No. 7062172 (Venezuela); Constituent of Venezuela’s Constituent Assembly for Valencia Municipality in Carabobo State;  Member of Venezuela’s Presidential Commission for the […]

July 31, 2017: OFAC sanctions Venezuela’s President

On Monday, OFAC added the Venezuelan President:  MADURO MOROS, Nicolas (Latin: MADURO MOROS, Nicolás), Caracas, Capital District, Venezuela; DOB 23 Nov 1962; POB Caracas, Venezuela; citizen Venezuela; Gender Male; Cedula No. 5892464 (Venezuela); President of the Bolivarian Republic of Venezuela (individual) [VENEZUELA]. to the SDN List. The Treasury Department issued […]

July 26, 2017: OFAC expands Venezuela designations

Last Wednesday, OFAC designated the following 13 persons under the Venezuela sanctions program: ALBISINNI SERRANO, Rocco, Miranda, Guarico, Venezuela; DOB 06 Mar 1982; Gender Male; Cedula No. 15481927 (Venezuela); President of Venezuela’s National Center for Foreign Commerce (CENCOEX); Former Vice Minister of the State and Socialist Economy of Venezuela’s Ministry […]

May 18、2017: OFAC adds 8 Venezuela Supreme Court of Justice judges to sanctions

Yesterday, OFAC added the following persons to their sanctions on Venezuela: DAMIANI BUSTILLOS, Luis Fernando, Caracas, Capital District, Venezuela; DOB 27 Apr 1946; POB Caracas, Capital District, Venezuela; citizen Venezuela; Gender Male; Cedula No. 2940803 (Venezuela); Passport 103679620 (Venezuela); Magistrate of the Constitutional Chamber of Venezuela’s Supreme Court of Justice […]